Ch 49: WEST Business & Marketing Education: Entrepreneurship
About This Chapter
WEST Business & Marketing Education: Entrepreneurship - Chapter Summary
The lessons in this chapter provide you with an overview of entrepreneurs and small businesses, as well as see examples of what makes an entrepreneur successful. Review for the WEST Business & Marketing Education test through videos that cover:
- Characteristics of an entrepreneur
- Small business overview
- Managing small businesses
- Entering the global market
- Definition and parts of an entrepreneurship
Our qualified instructors teach key points through short videos that include fun graphics and examples. You can watch the videos as many times as you need, and the accompanying transcripts and quizzes help to reinforce the concepts to prepare you for test day.

1. What is an Entrepreneur? - Definition, Characteristics & Examples
Entrepreneurship is an important engine of growth in the economy. In this lesson, you'll learn about what an entrepreneur is and the key characteristics and skills that a successful entrepreneur possesses. Some examples of entrepreneurs will also be given.

2. Small Business in the American Economy
Nearly every business starts 'small.' In this lesson, you'll learn how a small business is defined, some characteristics of a small business, and the importance of them in the economy. You'll also learn why some small businesses fail.

3. Managing a Small Business
Small businesses are an important engine of growth in an economy. In this lesson, you'll learn about some key areas of small business ownership that an owner should master to be successful. A short quiz follows.

4. Small Business in a Global Market
As the world moves closer to a global economy, more small businesses will look to expand into international markets. In this lesson, you'll learn about some of the advantages and disadvantages that small businesses face in a global market.

5. Entrepreneurship & the Economy: Definition & Importance
Entrepreneurs fill a vitally important role in market economies. In this lesson, you'll learn about the importance of entrepreneurship, different types of entrepreneurs and how they add value to an economy.
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Other Chapters
Other chapters within the WEST Business & Marketing Education (038): Practice & Study Guide course
- WEST Business & Marketing Education: Fundamentals of Management
- WEST Business & Marketing Education: Classical Management Theories
- WEST Business & Marketing Education: Behavioral Management Theory
- WEST Business & Marketing Education: Contemporary Management Theory
- WEST Business & Marketing Education: Planning as a Function of Management
- WEST Business & Marketing Education: Organizing as a Function of Management
- WEST Business & Marketing Education: Leadership Theory
- WEST Business & Marketing Education: Management & Leadership
- WEST Business & Marketing Education: Work Groups & Teams
- WEST Business & Marketing Education: Production & Operations
- WEST Business & Marketing Education: Change Management
- WEST Business & Marketing Education: Strategic Decision Making
- WEST Business & Marketing Education: Control as a Function of Management
- WEST Business & Marketing Education: Human Resources Fundamentals
- WEST Business & Marketing Education: Hiring & Staffing
- WEST Business & Marketing Education: Employee Motivation
- WEST Business & Marketing Education: Employee Benefits
- WEST Business & Marketing Education: Employment Law
- WEST Business & Marketing Education: The U.S. Legal System
- WEST Business & Marketing Education: Legal Procedures
- WEST Business & Marketing Education: Government Regulation
- WEST Business & Marketing Education: Property Law
- WEST Business & Marketing Education: Antitrust Law
- WEST Business & Marketing Education: Creditors' Rights
- WEST Business & Marketing Education: Product Liability & Consumer Protection
- WEST Business & Marketing Education: Business Ethics
- WEST Business & Marketing Education: Social Responsibility in Business
- WEST Business & Marketing Education: Computation in Business
- WEST Business & Marketing Education: Basic Statistics for Business
- WEST Business & Marketing Education: Quantitative Analysis in Business
- WEST Business & Marketing Education: Fundamentals of Accounting
- WEST Business & Marketing Education: Asset Management
- WEST Business & Marketing Education: Financial Statements
- WEST Business & Marketing Education: Financial Ratio Calculations
- WEST Business & Marketing Education: Business Accounting
- WEST Business & Marketing Education: Inventory & Sales
- WEST Business & Marketing Education: Business Entities
- WEST Business & Marketing Education: Basic Principles of Microeconomics
- WEST Business & Marketing Education: Supply & Demand
- WEST Business & Marketing Education: Fundamentals of Money
- WEST Business & Marketing Education: Fiscal & Monetary Policies
- WEST Business & Marketing Education: Economic & Political Systems
- WEST Business & Marketing Education: Economic Growth
- WEST Business & Marketing Education: Economic Indicators
- WEST Business & Marketing Education: Central Bank & Monetary Policy
- WEST Business & Marketing Education: Globalization in Business
- WEST Business & Marketing Education: International Trade
- WEST Business & Marketing Education: International Business
- WEST Business & Marketing Education: Types of Business Ownership
- WEST Business & Marketing Education: Starting a New Business
- WEST Business & Marketing Education: Marketing Principles & Strategies
- WEST Business & Marketing Education: Market Research
- WEST Business & Marketing Education: Segmentation & Product Marketing
- WEST Business & Marketing Education: Managing a Product
- WEST Business & Marketing Education: Pricing & Promotion
- WEST Business & Marketing Education: Buyer Behavior
- WEST Business & Marketing Education: Competitive Advantage
- WEST Business & Marketing Education: E-commerce
- WEST Business & Marketing Education: Information Systems
- WEST Business & Marketing Education: Business Software
- WEST Business & Marketing Education: Network Systems Technology
- WEST Business & Marketing Education: Enterprise Business Systems
- WEST Business & Marketing Education: Data Security
- WEST Business & Marketing Education: Business Communication
- WEST Business & Marketing Education: Purpose of Communication
- WEST Business & Marketing Education: Using Technology to Communicate
- WEST Business & Marketing Education: Reporting & Presentations
- WEST Business & Marketing Education: Career Counseling
- WEST Business & Marketing Education: Career Acquisition
- WEST Business & Marketing Education: Career Management
- WEST Business & Marketing Education Flashcards