Kaarten: Unit 3. Entrepreneurship | Quizlet

entrepreneur

Person who starts and runs a business

entrepreneurship

Activity of creating businesses

small-scale

Limited in size

large-scale

Extensive in size

to fuel

To stimulate growth

inexpensive

Not costly

eventually

After some time

to give rise to

To cause

market forces

Supply and demand influences

innovators

People introducing new ideas

global

Worldwide

value

Importance or worth

prominent

Significant

microeconomic factors

Economic influences aAecting individuals or firms

supply and demand

Relationship between availability and desire

to boost

To increase

unprecedented

Never done before

to secure

To obtain safely

to gain traction

To become popular

ethical entrepreneurship

Business creation based on moral principles

at the forefront

Leading position

competitive

Having strong ability to compete

to overcharge

To charge too much

to underpay

To pay too little

blockchain

Digital decentralized record system

cryptocurrencies

Digital currencies using encryption

to arise

To emerge

globalisation

Increasing global integration

startups

Newly established businesses

remote work

Working from outside the office

freelance

Self-employed work

to accelerate

To speed up

to be agile

To adapt quickly

venture capital

Investment in high-risk startups

angel investors

Wealthy individuals funding startups

consumer preference

Customer buying tendency

to harness

To make practical use of

crowdfunding

Raising money from many small investors

abruptly

Suddenly

networking

Building professional relationships

to champion

To strongly support

non-executive director

Board member not involved in daily management

board member

Person serving on company board

to vacate

To leave a position

venture

Risky business project

to emblazon

To display prominently

to exemplify

To serve as example

controversial

Causing disagreement

to take the reins

To assume control

tumultuous

Very chaotic

consortium

Group of companies working together

quandary

DiAicult situation

shift

Change

empowerment

Giving authority

seed-funding

Initial startup investment

subsequently

Afterwards

to thrive

To grow successfully

to enlarge

To expand

to rise

To increase

sprawling

Spread out widely

media conglomerate

Large media corporation

successor

Person who replaces another

upheaval

Major disruption

groundswell

Growing public support

to acquire

To obtain ownership

to garner

To collect or gain

to leverage

To use advantageously

recruitment

Hiring process

gamification

Using game elements in non-game contexts

resumes

Job application summaries

diverse

Varied

equitable

Fair

to rally

To unite support

business angels

Private startup investors

to reverse

To change direction

unconscious bias

Unintentional prejudice

business model

Plan for generating revenue

Efficient

Producing maximum output with minimal waste

to pitch

To present an idea persuasively

Initial Public Offering (IPO)

First public sale of company shares

recruitment agency

Company helping firms hire staff

dilemma

Difficult choice

seed capital

Initial investment funds