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Chad Keaton's Stack
Bussiness Concepts Chapter 6
Question | Answer |
---|---|
Business Plan | A written description of the business idea and how it will be carried out, including all major business activities |
Entrepreneur | Someone who takes a risk in starting a business to earn a profit |
Improvement | is a designed change that increases the usefulness of a product, service, or process |
innovation | An invention or creation that is brand new |
Long-Term Financing | Is the money needed for the main resources of a business that will last for many years |
Short-Term Financing | Is the money needed to pay for the current operating activities of a business |
Small Business | An independent business with fewer than 500 employees |
Small Business Administration (SBA) | A government agency that helps small business owners develop business plans and obtain financing and support for their companies |
Start Up Financing | Is the amount of money needed to open the business |
Venture Capital | Is money provided by large investors to finance new products and new businesses that have a good change to b very profitable |
Entrepreneurship | Is the process of starting, organizing, managing, and assuming the responsibility for a business |