Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Entrepreneurship5
summarizes entrepreneurship
| Question | Answer |
|---|---|
| someone who organizes and then runs a business | entrepreneur |
| the expenses involved in going into business | start-up costs |
| a contract to use something for a specified period of time | lease |
| the loyalty of existing customers | goodwill |
| the potential for future sales | market outlook |
| the legal right to sell a company's goods and services in a particular area | franchise |
| a business completely owned by a person | sole proprietorship |
| a legal arrangement in which 2 or more people share ownership | partnership |
| a business, chartered by a state, that legally operates apart from the owner(s) | corporation |
| the costs of doing business, such as the costs of manufacturing and selling the product | operating expenses |
| a summary of a business's income and expenses during a specific period | income statement |
| income from sales | revenue |
| the difference between the cost of goods and their selling price | gross profit |
| the amount left after operating expenses are substracted from the gross profit | net profit |
| a project or undertaking that is especially difficult, complicated, or risky | enterprise |
| a distinguishing quality | trait |
| a person who has the legal right or exclusive title to something | proprietor |
Created by:
tigerths101
Popular SAT sets