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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. |