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| Question | Answer |
|---|---|
| entreprenur | someone who takes a risk in starting a business |
| Entrepreneurship | process of starting, organizing managing and assuming responsibility |
| Venture capital | money provided by large investors to finance new products |
| innovation | brand new invention |
| Improvement | designed change that increase the usfulnessof a product |
| Small busness | independent business with fewer than 500 employees |
| Small business Administration | gov agency that helps small business owners develop business plan. |
| business plan | written description of the busniess idea |
| start-up financing | is amount of money needed to open a business |
| Short-term financing | is the money needed to pay for the current operating activites. |