1.00 Entrepreneurship Vocabulary

a period of economic growth as measured by a rise in real GDP

• consolidation

• ethics

• expansion

• etiquette

a person who organizes manages, and takes on the risk of a business

• business-format franchise

• intrapreneur

• entrepreneur

• globalization

a business owned by stockholders who share in its profits but are not personally responsible for its debts

• corporation

• globalization

• innovation

• merger

the principles of right and wrong that guide an individual in making a decision

• consolidation

• etiquette

• risk

• ethics

a business owned and managed by a single individual

• limited liability company

• partnership

• sole proprietorship

• franchise

a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area

• corporation

• partnership

• franchise

• sole proprietorship

treating facts without influence from personal feelings or prejudices

• objectivity

• ethics

• risk

• innovation

the customary code of polite behavior in society or among members of a particular profession or group

• globalization

• regulations

• etiquette

• ethics

the process by which businesses or other organizations develop international influence or start operating on an international scale

• regulations

• globalization

• consolidtion

• innovation

a business organization in which the business (not the owner) is liable for the company's debts

• limited-liability company

• product trade name

• merger

• partnership