Entrepreneurship Vocabulary Test 1-6

a professional intermediary who facilitates the buying and selling of businesses, acting as a link between buyers and sellers to ensure a smooth and successful transaction

• intangible

• executive summary

• business broker

• calculated risk

a chance for potential profit

• feasibility

• franchisor

• trade show

• business opportunity

a document setting out a business's future objectives and strategies for achieving them

• business plan

• window of opportunity

• SWOT analysis

• prototype

logical thought process that involves analyzing and evaluating a situa-

tion or object

• executive summary

• calculated risk

• royalty fee

• critical thinking

A process of comparing the costs and benefits of a project or decision to determine its feasibility

• business broker

• franchisee

• nondisclosure

  agreement

• cost/benefit analysis

 the ability to think outside the box and come up with innovative solutions

• Executive summary

• Prototype

• Creative thinking

• Want

the ability to analyze information objectively and make a reasoned judgment

• Critical thinking

• SWOT

• Window of opportunity

• cost/benefit analysis

 brief overview of a business plan that highlights the key points brief overview of a business plan that highlights the key points

Prototype

• Prototype

• SWOT

• executive summary

• cost/benefit analysis

the practicality or possibility of a project or plan

• Franchisor

• Franchisee

• Intangible

• Feasibility

the person who purchases the right to operate a franchise

• Franchiser

• Window of opportunity

• Trade show

• Franchisee