Biz S5 Entrepreneurship Main Flashcard TG

Front

The act of assuming the risk of organizing productive resources to produce goods and services.

Back

entrepreneurship

Front

Business entity that is easy to start and has a single owner.

Back

proprietorship

Front

Business entity with two or more owners that share the company's profits and losses.

Back

partnership

Front

Business entity that blends elements of partnership and corporate structures.

Back

limited liability company

Front

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

Back

corporation

Front

Any reward or benefit that motivates people to do something.

Back

incentive

Front

Getting people together to accomplish goals and objectives using available resources.

Back

management

Front

When private entrepreneurs purchase the rights to open and run a location of a larger company.

Back

franchise

Front

Exclusive rights given to the inventor of a product, for a specific period of time, to protect them from others copying their product.

Back

patent

Front

Exclusive rights to symbols or designs.

Back

trademark