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Chpt 5 Entrepreneurs
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 account of the key points contained in a business plan. |
Vision Statement | Establishes the scope and purpose of a company and reflects its values and beliefs. |
Mission Statement | Expresses the specific aspirations of a company. |