Small Business & Entrepreneurship Key Terms

Front

This is a proposal that describes a new business.

Back

Business Plan

Front

Data that describes a group of people in terms of their age, marital status, gender, etc.....

Back

demographics

Front

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

Back

Entrepreneur

Front

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

Back

Entrepreneurship

Front

This is also called a "Market Economy", where businesses are owned by private individuals & groups.

Back

Free Enterprise System

Front

An idea that has commercial value is......

Back

opportunity

Front

When you go into business for yourself, there's a chance of damage or loss.  This is known as....

Back

risk

Front

A business undertaking involving risk.

Back

venture

Front

This is a type of business that is owned & operated by 1 person.

Back

sole proprietorship

Front

A form of business ownership where 2 or more people share the assets, liabilities and profits.

Back

partnership