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.chapter6.

Entrepreneurship and small business management

QuestionAnswer
Who is someone who takes a risk in starting a business to earn a profit? entepreneur
What is the process of starting, organizing, managing, and assuming the responsibility for a business? entrepreneurship
What is money provided by large investors to finance new products and new businesses that have a good chance to be very profitable? venture capital
What is an invention or creation that is brand new? innovation
What is a designed change that increases the usefulness of a product, service, or process? improvement
What is an independent business with bew that 500 employees? small business
What is a government agency that helps small business owners develoop business plans and obtain financing and other support for their companies? Small Business Administration
What is a written description of the business idea and how it will be carried out? business plan
What is the amount of money needed to open the business? start-up financing
What is the money needed to pay for the current operating activities of a business? short-term financing
Created by: schreiner
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