Question

instructions: while watching domain 1 lesson 2, fill in the missing words according to the information presented by the instructor. references are found in the brackets. 1. characteristics of an entrepreneurial mindset is the amount of loss one is willing to take when making an investment decision. 2. having a characteristics of an entrepreneurial mindset mindset means believing that one can accomplish anything through hard work. 3. an example of an entrepreneurship risks and benefits risk is a natural disaster. 4. a business opportunity is an characteristics of a business opportunity that lets a buyer start a business. 5. a characteristics of a business opportunity needs to be obtained to use a brand name on products. 6. the five factors that determine the viability of a business opportunity are relationships, cash flow management, management skillsets, and passion. viability of a business opportunity 7. a business plan helps a business achieve short - term and long - term business plan, pitch deck, and lean canvas. 8. a lean canvas should only be business plan, pitch deck, and lean canvas long. 9. the key components of a business plan summary creates the first impression of a business plan. 10. the key components of a business plan plan should specifically be directed to investors and lenders. 11. a pitch deck is most commonly presented in the form of a key components of a pitch deck presentation. 12. a key components of a pitch deck and value proposition provides a brief overview of a business where one talks about the companys mission and the value provided to customers. 13. a patent protects an trademarks, trade secrets, copyrights, and patents from being copied. 14. trade secrets protect a companys formulas from being shared with trademarks, trade secrets, copyrights, and patents. 15. to license a product, one must obtain using licensed materials from the author or creator. 16. confidentiality or using licensed materials agreements are signed by employees, agreeing not to share trade secrets.

Explanation:

1. Risk - tolerance is the amount one is willing to lose in investment.
2. Growth mindset implies achieving through hard - work.
3. External risks can include natural disasters.
4. A business opportunity is a deal to start a business.
5. A license is needed to use a brand name.
6. The five factors are market, competition, relationships, cash - flow management, management skillsets, and passion.
7. A business plan helps in achieving goals.
8. A lean canvas should be one - page long.
9. The executive summary creates the first impression.
10. The financial plan is for investors and lenders.
11. A pitch deck is commonly a PowerPoint presentation.
12. The elevator pitch gives an overview of mission and value.
13. A patent protects an invention.
14. Trade secrets protect from being shared with competitors.
15. To license, one needs permission from the author.
16. Confidentiality or non - disclosure agreements prevent sharing of trade secrets.

Answer:

1. Risk - tolerance
2. Growth
3. External
4. Deal
5. License
6. Market, competition
7. Goals
8. One - page
9. Executive
10. Financial
11. PowerPoint
12. Elevator pitch
13. Invention
14. Competitors
15. Permission
16. Non - disclosure