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
chapter 4!
understanding entrepreneurship and new ventures
| Question | Answer |
|---|---|
| Small Business Administration | federal agency charged with assisting small businesses, to be considered a small business there are two diff. factors, 1)number of employees and 2) total annual sales |
| small business | independently owned and managed business that does not dominate its market |
| Small Business Importance | most U.S. businesses employ fewer than 100 people, and most U.S. workers are employed by small firms.86.09% of all businesses employ less than 20 people and the total number of people employed by these businesses is approximately 1/4 of the entireworkforc |
| Need For Small Businesses | they create jobs, they are innovative and they are important to big businesses |
| Entrepreneur | businessperson who accepts both the risks and the opportunities invoved in creating and operating a new business venture |
| Business Plan | document in which the entrepreneur summarizes her or his business strategy for the proposed new ventrue and how that strategy will be implemented |
| Venture Capital Companies | group of small investors who invest money in companies with rapid growth potential |
| small business investment company | government regulated investment company that borrow money from the SBA to invest in or lend to a small business |
| preferred stock | stock that offers its holders fixed dividends and priority claims over assets but no corporate voting rights |
| common stock | stock that pays dividends and guarantees corporate voting rights but offers last claims over assets |
| Globalization | process by which the world econmy is becoming a single interdependt system |
| general agreement on tariffs and trade | international trade agreement to encourage the multilateral reduction or elimination of trade barriers |
| the north american free trade agreement | agreement to gradually eliminate tariffs and other trade barriers among the united states, canda and mexico |
| European Union | agreement among major western european nations to eliminate or make uniform most trade barriers affecting froup members |
| absolute advantage | the ability to produce something more efficiently than any other country can |
| comparative advantage | the ability to produce some products more ifficiently than others |
| Balance Of Trade | econmic value of all products a country exports minus the econmic value of all products it imports |
| Balance Of Payments | flow of all money into or out of a country |
Created by:
mhalet
Popular Business sets