Entrepreneurship WebXam Review

Entrepreneur

• The process of starting and operating one’s own business.

• An individual who undertakes the risk associated with creating, organizing, owning, and starting a business.

• Applying principles of right and wrong to situations in the workplace.

• A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture in a positive manner. DO the RIGHT thing!

The process of starting and operating one’s own business.

• Mission Statement

• Entrepreneurship

• Code of Ethics

• ...

Applying principles of right and wrong to situations in the workplace.

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• Small Business

• Opportunity

• Business Ethics

Code of Ethics

• A written description of the purpose of a company and the management’s philosophy.

• A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture in a positive manner.

• 
• A new or different product -

a new product

• Mission Statement

• Innovation

• Applying principles of right and wrong to situations in the workplaceduct -

• Sometimes referred to as “mom and pop” businesses.  Small businesses are generally started to create jobs for the owners.

A written description of the purpose of a company and the management’s philosophy.

• Small Business

• Mission Statement

• Opportunity

• 

What is a franchise?

• Where a business sells the rights to their brand
• Where you have full control
• Where you keep all the profits

Owners of stock in a company

• partnership
• sole proprietorship
• stockholders
• corporation

What is a franchise?

• Where a business sells the rights to their brand
• Where you have full control
• Where you keep all the profits

The right to sell a company's products in a specified area.

• sole proprietorship
• corporation
• franchise
• retail business