WorksheetsUnit 1 Buzz Vocabulary
Total questions: 10
Worksheet time: 6mins
Document that outlines a new business's future objectives and the strategies needed to achieve them
Entrepreneur
Business Plan
Entrepreneurship
Franchise
An (a) is an individual who starts a new business venture.
The activities associated with setting up a new business and taking on the risk.
Entrepreneurship
Entrepreneur
Business Plan
Feasability
The process of gathering needs of customers and then fulfilling those needs with products and services
Marketing
Entrepreneurship
Entrepreneur
Mission Statement
Formal summary of the company's reason for existence.
Feasability
Franchise
Entrepreneur
Mission Statement
A _______ is a license for the right to protect a new invention for a specific period of time.
Mission Statement
Patent
Franchise
Entrepreneurship
A tangible item offered for sale to a customer
Product
Service
Franchice
Business Plan
Financial gain from a business after all expenses are deducted
Entrepreneur
Mission Statement
Profit
Loss
An intangible offering with value that is offered for sale to a customer
Franchise
Service
Product
Entrepreneur
Independently owned and operated company that is limited in size
Franchise
Corporation
Entrepreneur
Small Business
