Intro to Business 2/26/25

Front

Entrepreneurship is accepting the risk of starting and running a business.

Back

True

Front

A group of experienced people from
different areas of business who join to form a managerial team with
the skills to develop, make, and market a new product.

Back

Entrepreneurial Teams

Front

Creative people who work as entrepreneurs within corporations.

Back

Intrapreneurs

Front

Entrepreneurs willing to accept the risk of starting and managing a business that remains small, lets them do the work they want to do and offers them a balanced lifestyle.

Back

Micropreneurs

Front

Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support.

Back

Enterprise zones

Front

Do incubators offer new businesses low-cost offices with basic business services?

Back

Yes, they do.

Front

A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size (set by the Small Business Administration) in terms of employees or annual receipts.

Back

Small business

Front

A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s).

Back

Business Plan

Front

Venture capitalists are individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.

Back

True

Front

A U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans.

Back

Small Business Administration (SBA)