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Key Terms
Term | Definition |
---|---|
Small Business | An independently owned business that usually has the owner as its manager |
Virtual Business or dot-com company | A business that operates on the internet |
Business plan | A written description of a new business venture that describes all aspects of the business |
Executive Summary | A brief recounting of the key points contained in a business plan |
Vison Statement | A statement that establishes the scope and purpose of a company and reflects its values and beliefs |
Mission Statement | A statement that expresses the specific aspirations of a company, the major goals for which it will strice |