Chapter 5: Entrepreneurship

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18 Terms

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Online businesses
________ have the potential to attract a huge number of customers.
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Entrepreneur
A(n) ________ is a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business.
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Small businesses
________ employ more than 50 percent of the U.S. workforce.
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Executive summary
The ________ is a brief account of the key points contained in a business plan.
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Chief executive
Corporations are run by a(n) ________ officer, who answers to a board of directors.
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SBA
The ________ is a U.S. government agency that protects the interests of small businesses.
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Data
________ are usually shown in financial statements.
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Venture
A(n) ________ is a new business undertaking that involves risk.
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Contingency plan
The ________ looks at likely risks to the business, such as lower- than- expected sales and emergencies that might affect it.
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Growth plan
The ________ looks at how the business will expand in the future.
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small business
A(n) ________ serves a limited geographic area and employs fewer than 500 people.
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Management team plan
The ________ presents your qualifications and those of any partners you might have.
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Business owners
________ are responsible for more than just decision making.
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Competitive analysis
________ indicates how the proposed business has an advantage over its competitors.
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virtual business
A(n) ________ or dot- com company is a business that operates on the Internet.
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Organizational plan
________ looks at the people who will run the firm as well as managements philosophy.
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Operational plan
The ________ includes the business processes that result in production and delivery of the product or service.
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These traits include leadership, decision-making, self
discipline, planning, and people skills

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