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Chpt. 5 Entrepreneur

Key Terms

TermDefinition
Small Business As an independently owned business that usually has the owner as its manager.
Virtual business or dot-cam A business that operates on the Internet
Business plan Written description of a new business venture that descries all aspects of the business
Executive summary 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.
Mission statement expresses the specific aspirations of a company the major goals it will try to reach.
Created by: TheGoat7307
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