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Question | Answer |
---|---|
entreprenur | someone who takes a risk in starting a business |
Entrepreneurship | process of starting, organizing managing and assuming responsibility |
Venture capital | money provided by large investors to finance new products |
innovation | brand new invention |
Improvement | designed change that increase the usfulnessof a product |
Small busness | independent business with fewer than 500 employees |
Small business Administration | gov agency that helps small business owners develop business plan. |
business plan | written description of the busniess idea |
start-up financing | is amount of money needed to open a business |
Short-term financing | is the money needed to pay for the current operating activites. |