ESB, Chap 1 Vocab (a)

Front

Individuals who start and run their own small business, taking on all risks and rewards.

Back

Entrepreneur

Front

Funds to start a business

Back

Capital

Front

Exposure to danger

Back

Risk

Front

Recognition for service or achievement

Back

Reward

Front

Action of setting something in motion

Back

Start-up

Front

Authorization by a government or company for specified commercial activities, e.g., broadcasting or product agency.

Back

Franchise

Front

A business selling one brand to retail consumers.

Back

Dealership

Front

Businesses that buy and resell various non-competing products or services

Back

Distributorship

Front

Selling another company's products via racks in various stores serviced by ____________.

Back

Rack Jobbing

Front

Company aimed at societal benefit, not profit.

Back

Non-Profit