Amy Clark just opened a soup and salad restaurant near Golden Gate Park in San Francisco.  Rather than borrow money or raise funds from investors, Amy used her creativity and ingenuity and figured out how to get her business up and running, without the need for external funding.  Amy is utilizing a technique referred to as:

According to the textbook, the toughest decisions regarding business growth are made in the _______ stage of the organizational life cycle.

Economic forces impact the opportunities available to entrepreneurs.  Which of the following alternatives reflects a set of economic forces that would be of interest to entrepreneurs?

According to the textbook, opportunities are ___________.

Andy Dungy owns a company that makes Apple iPod, iPhone, and iPad accessories.  He is trying to increase his sales, primarily because he knows that increasing production lowers his average cost of each unit produced.  The reason for growth illustrated in this example is:

Google is a firm that is proactive, innovative, and risk-taking.  From this description, we can most accurately conclude that Google has a high level of _________.

The idea behind blogs is that they:

True You Cosmetics, the company profiled in the opening feature in Chapter 11, sells cosmetics products.  The company’s marketing efforts to date have focused heavily on:

An increased focus on health and wellness has resulted in a number of new business ideas including healthier foods and beverages, yoga instruction and training centers, and nutrition consulting.  An increased focus on health and wellness is an important __________ that is creating opportunities in many areas for entrepreneurial firms.

There are two major advantages of getting a loan versus investment capital: