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Chapter sixs
| Question | Answer |
|---|---|
| entrepreneur | someone who take a risk in starting a business to earn a profit. |
| Venture | money provided by large investors to finance new products |
| innovation | invention or creation that is brand new |
| improvement | is a designed change that increases the usefulness of a product |
| small business | independent business with fewer than 500 employees |
| SBA | small business adminstration; govt. agency that helps small business owner develop a business |
| business plan | written description of the business idea and how it will be carried out |
| Start - up financing | amount of money needed to open a business |
| Short Term Finacing | money needede to pay for current operating activies of a business |
| Long-term Finacing | money needed for the main resources of a business such as land buildings and equipment |