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Williamsburg High School for Architecture and Design

Innovating Career & Technical Education for New York City’s Future

You are here: Home / The Column / Venture Module 2 Questions

Venture Module 2 Questions

May 8, 2015 By Mr. D'Amato

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  1. What does business opportunity mean?
  2. Explain the difference between an internal entrepreneur and an external entrepreneur?
  3. Name at least 3 creative thinking techniques for generating ideas.
  4. What is meant by the term “market”?
  5. Why is understanding your market important?
  6. What should be considered when you are hiring employees?
  7. Explain the difference between line organization and project organization.
  8. Define the following: Fixed expenses, Variable expenses, Startup expenses, Unit of sale, Contribution margin, Revenue, Profit, Break-even point
  9. What promotional business methods can be used to gain and retain customers?

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About Mr. D'Amato

Mr. D'Amato is the Assistant Principal of the Humanities Department (English, Foreign Language and Social Studies) at Williamsburg High School for Architecture and Design. He can be reached at 718-388-1260, extension 2043, or Damato@whsad.org.

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