ESB, Chap 1 Vocab (a)

Individuals who found and run their own small business assuming all the risks and rewards.

• Dealership

• Start-up

• Entrepreneur

Funds to start a business

• Start-Up

• Capital

• Risk

A situation involving exposure to danger

• Start-Up

• Capital

• Risk

A thing given in recognition of one's service, effort, or achievement

• Risk

• Reward

• Dealership

The action or process of setting something in motion

• Cooperation

• Distribution

• Start-up

An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products

• Dealership

• Franchise

• Partnership

A business where (the dealer) sells one brand of product to retail consumers

• Distributorship

• Franchise

• Dealership

Businesses that buy and resell a variety of non-competing products or services

• Distributorship

• Dealership

• Franchise

The selling of another company's products through a distribution system of racks in a variety of stores that are serviced by ____________.

• Franchise

• Dealership

• Rack Jobbing

A company whose purpose is not to make money but to provide a benefit to society

• Rack-Jobbing

• Non-Profit

• Distributorship