Business and Entrepreneurship Practice

Front

What is a document that describes a new business and a strategy to launch it called?

Back

Business Plan

Front

What is a 30 second/100 words or less action-oriented description to create a "hook" known as?

Back

Elevator Pitch

Front

Who is an individual that undertakes the creation, organization, and ownership of a business?

Back

Entrepreneur

Front

What is the process of getting into and operating one's own business called?

Back

Entrepreneurship

Front

What term describes shares or ownership stakes in a business?

Back

Equity

Front

What is the process of gathering voluntary contributions of money or other resources from individuals, businesses, foundations, or governmental agencies?

Back

Fundraising

Front

What is a new method, idea, or product referred to as?

Back

Innovation

Front

What is a brief speech that defines a person, process, product, service, organization, or event and its value?

Back

Pitch

Front

What is the term for money that is left after all the expenses of running a business have been deducted from the income?

Back

Profit

Front

What is an original model to test out how real consumers will interact with the product or service called?

Back

Prototype