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31: Review the Facts
What are two advantages of entrepreneurship?
What are two disadvantages of entrepreneurship?
State three personal characteristics successful entrepreneurs often have in common.
Entrepreneurial businesses can be divided into three categories. Name these three categories.
What are three types of business ownership?
Contrast a franchise with a chain.
State one advantage and one disadvantage of operating a franchise business.
State one advantage and one disadvantage of operating a mail-order business.
How does a consultant differ from a freelancer?
List three sources of ideas for marketable sewing and needlecraft ideas.
Explain how to figure the labor cost that must be added to the price of sewing and needlecraft items sold for profit.
What is a disadvantage of selling sewing and needlecraft items at craft shows and flea markets?
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