Intro to Business 2/26/25

Entrepreneurs willing to accept the risk of starting
and managing a business that remains small, lets them do the work
they want to do and offers them a balanced lifestyle.

• Home-Based

• Micropreneurs
  

• Men

• Women

Entrepreneurship is accepting the risk of starting

and running a business.

• True

• False

Venture capitalists are individuals or companies that invest in new
businesses in exchange for partial ownership of those businesses.

• True

• False

Specific geographic areas to which governments
try to attract private business investment by offering lower taxes and
other government support.

• Enterprise zones

• Government

• Immigration Act

• rivate business

A group of experienced people from
different areas of business who join to form a managerial team with
the skills to develop, make, and market a new product.

• Steve Jobs

• Entrepreneurial Teams

• Steve Wozniak

• Mike
  Markkula

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

• Family

• Business associates

• Banks and finance institutions

• Small Business Investment Company (SBIC)

Merger is the result of two firms forming one company.

• True

• False

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

• Market

• Manage

• Firms

• Economy

An arrangement whereby someone
with a good idea for a business (franchisor) sells the rights to use
the business name and sell a product or service (franchise) to
others (franchisees) in a given territory.

• Marketing Agreement

• Financial Agreement

• Business Agreement

• Franchise Agreement

The joining of two companies in different stages of related businesses.

• Vertical merger

• Horizontal merger
  

• Conglomerate merger
  

• Merger