Entrepreneurship-Chapters 1 & 2 Vocabulary

Organization that provides products or services, usually to make money.

• Product

• Service

• Business

• Entreprneur

Person who works in a business owned by someone else.

• Business

• Product

• Entrepreneur

• Employee

Someone who creates and runs their own business.

• Business

• Employee

• Product

• Entrepreneur

To think or act like an entrepreneur.

• Entrepreneurial

• NFTE entrepreneurial mindset

• employee

• entrepreneur

A physical, tangible item that a business sells to a customer.

• Product

• Service

• Employee

• Business

Something that a business does for a customer in exchange for money.

• Product

• Service

• Entrepreneur

• Business

What entrepreneurs get in exchange for starting a business; can include money, personal satisfaction, or independence

• Business

• Risk

• Reward

• Employee

The chance of losing something.

• Product

• Service

• Reward

• Risk

A business run entirely on the Internet.

• Business

• Service

• Product

• Dot-com company

People who take what they learn when starting a business to start many more.

• Business

• Product

• Service

• Serial entrepreneur