Entrepreneurship NGPF Test

Document that describes a new business & a strategy to launch that business

• Business Structure
• Business Plan
• Pitch

How a company is organized, which impacts things like legal and tax liability of owners

• Business Structure
• Business Plan
• Pitch

An individual who undertakes the creation, organization, and ownership of a business

• Partnership
• Sole Proprietorship
• Entrepreneur

The act of setting up a business with the goal of making profit

• Startup
• Entrepreneurship
• Corporation

The money business owners require to start, run, or expand a business

• Funding
• Business Structure
• Pitch

A product, service, business model, or strategy that's both new and useful

• Innovation
• Business Structure
• Profit

A brief speech that defines a person, process, product, service, organization, or event and its value

• Nonprofit
• Pitch
• Business Plan

Money that is left after all the expenses of running a business have been deducted from the income

• Profit
• Nonprofit
• Startup

A type of young business that develops a unique product or service and bring it to the market

• Nonprofit
• Corporation
• Startup

A business that has fewer employees and less annual revenue than corporations or other larger businesses.

• Corporation
• Small Business
• Partnership