Entreprenuership Unit Vocab Words

One who has no explicit or implicit contract for long term employment. 

• Franchise

• Contingent Worker

• Partnership

• Corporation

business involved in selling the goods and service of producers to customers and other businesses. 

• Articles of incorporation

• Nonprofit Corporation

• Joint Venture

• Intermediaries

A business that carries out activities that are consumed by its customers.

• Service Business

• Nonprofit Corporation

• Corporation

• Board of Directors

Individuals and organizations that determine what products and services that will be available for sale.

• Proprietorship

• Extractors

• Producers

• Business Plan

A form of production in which products are obtained from nature or grown using natural resources.  

• Extractors

• Entrepreneurship

• Innovation

• Small Business

Combining raw materials and processed goods into finished products.

• Manufacturers

• Farmers

• Board of Directors

• Partnership

A person who owns or manages a farm.

• Innovation

• Farmers

• Venture Capital

• Corporation

A business own and ran by one person

• Producers

• Contingent Worker

• Producers

• Proprietorship

A business owned and controlled by two or more people who have entered into a written agreement.

• Corporation

• Partnership

• Service Business

• Intermediaries

A separate legal entity formed by documents filled with a state it is own

• Producers

• Corporation

• Partnership agreement

• Extractors