Entrepreneurship Key Terms

Front

An individual who undertakes the risk associated with creating, organizing, and owning a business.

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Entrepreneur

Front

The process of starting and operating one's own business.

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Entrepreneurship

Front

Applying principles of right and wrong to situations in the workplace.

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Business Ethics

Front

A written description of the purpose of a company and the management's philosophy.

Back

Mission Statement

Front

Sometimes referred to as "mom and pop" businesses. Generally started to create jobs for the owners.

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Small Business

Front

A proposal that describes new business.

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Business Plan

Front

A brief description of the key points of the business plan.

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Executive Summary

Front

Any name, symbol, figure, letter, word, or mark adopted and used by a manufacturer or merchant in order to designate his or her goods.

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Trademark

Front

The legal right granted to an author, composer, playwright, publisher, or distributor to exclusive publication, production, sale, or distribution of a library, musical, dramatic, or artistic work.

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Copyright

Front

The exclusive rights granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years.

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Patent