Intro to business-Chap 6 Entrepreneur – Flashcards

question
Entrepreneur
answer
Some one who takes risks in starting a business to earn a profit.
question
Entrpreneurship
answer
Process of starting, organizing, managing, and assuming the responsibility for a business.
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Venture Capital
answer
Money provided by large invaders to finance new products and new businesses that have a good chance to be very profitable.
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Innovation
answer
invention or creation
question
Improvement
answer
Designed change that increases the use and fullness of a product, service, or process.
question
small business
answer
an independent business with fewer than 500 employees.
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The Small Business Administration
answer
government agency that helps small business owners devolp business plans and obtain financing and other support for their companies.
question
Business plans
answer
Writtten description of the business idea and how it will be carried out, including all major business activities.
question
Start-up financing
answer
Amount of money needed to open the business.
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Short-Term financing
answer
money needed to pay for the current operating activities of a business.
question
Long-Term financing
answer
Money needed for the main reasources of a business.
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question
Entrepreneur
answer
Some one who takes risks in starting a business to earn a profit.
question
Entrpreneurship
answer
Process of starting, organizing, managing, and assuming the responsibility for a business.
question
Venture Capital
answer
Money provided by large invaders to finance new products and new businesses that have a good chance to be very profitable.
question
Innovation
answer
invention or creation
question
Improvement
answer
Designed change that increases the use and fullness of a product, service, or process.
question
small business
answer
an independent business with fewer than 500 employees.
question
The Small Business Administration
answer
government agency that helps small business owners devolp business plans and obtain financing and other support for their companies.
question
Business plans
answer
Writtten description of the business idea and how it will be carried out, including all major business activities.
question
Start-up financing
answer
Amount of money needed to open the business.
question
Short-Term financing
answer
money needed to pay for the current operating activities of a business.
question
Long-Term financing
answer
Money needed for the main reasources of a business.
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