Entrepreneurship Terms and Definitions Flashcard Part A

Front

What is the term for the following definition? Document that describes a new business & a strategy to launch that business.

Back

Business Plan

Front

What is the term for the following definition? How a company is organized, which impacts things like legal and tax liability of owners.

Back

Business Structure

Front

What is the term for the following definition? An individual who undertakes the creation, organization, and ownership of a business.

Back

Entrepreneur

Front

What is the term for the following definition? The act of setting up a business with the goal of making profit.

Back

Entrepreneurship

Front

What is the term for the following definition? The money business owners require to start, run, or expand a business.

Back

Funding

Front

What is the term for the following definition? A product, service, business model, or strategy that's both new and useful.

Back

Innovation

Front

What is the term for the following definition? A brief speech that defines a person, process, product, service, organization, or event and its value.

Back

Pitch

Front

What is the term for the following definition? The financial gain made in a transaction or business activity after subtracting expenses.

Back

Profit

Front

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

Back

Profit

Front

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

Back

Entrepreneur