CH06 Terms to Know 2

An Internet- based marketing strategy in which a business rewards individuals or other businesses (affiliates) for each visitor or customer the affiliate sends to its website.

• Small business

• Business Plan

• Affiliate Marketing

• Market

An SBA office with volunteers from industry, trade associations and education who counsel small businesses at no cost (except for expenses).

• Entrepreneurs

• Service Corps of Retired Executives (SCORE)

• Small Business Investment Company (SBIC) Program

• Small Business Administration (SBA)

A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size (set by the Small Business Administration) in terms of employees or annual receipts.

• Small business

• Entrepreneurship

• Venture Capitalists

• Small Business Administration

A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s).

• Small Business Adminstration

• Venture Capitalists

• Entrepreneurship

• Business Plan

Accepting the risk of starting and running a business.

• Incubators

• Entrepreneurship

• Intrapreneurs

• Micropreneurs

People with unsatisfied wants and needs who have both the resources and the willingness to buy.

• Affiliate Marketing

• Micropreneurs

• Market

• Small Business Adminstration

A U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans.

• Small Business

• Small Business Administration (SBA)

• Service Corps of Retired Executives (SCORE)

• Small business Investment Company (SBIC) program

Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.

• Intrapreneurs

• Entrepreneurship

• Micropreneurs

• Venture capitalist

A program through which private investment companies licensed by the SBA lend money to small businesses.

• Small Business Investment Company (SBIC) Program

• Service Corps of Retired

  Executives (SCORE)

• Small Business Administration (SBA)

• Enterprise zone