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Ch 49: WEST Business & Marketing Education: Entrepreneurship

About This Chapter

Use the lessons in this chapter to help you get ready for questions about entrepreneurs and entrepreneurship on the WEST Business & Marketing Education exam. The online video lessons and quizzes allow you to study whenever and wherever you want.

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.

5 Lessons in Chapter 49: WEST Business & Marketing Education: Entrepreneurship
Test your knowledge with a 30-question chapter practice test
What is an Entrepreneur? - Definition, Characteristics & Examples

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.

Small Business in the American Economy

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.

Managing a Small Business

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.

Small Business in a Global Market

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.

Entrepreneurship & the Economy: Definition & Importance

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the WEST Business & Marketing Education (038): Practice & Study Guide course

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