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Entrepreneurship1.01

Key terms

TermDefinition
Entrepreneur Person who founds a company, taking on high risk, in order to create a high growth enterprise
Entrepreneurship Setting up a business, taking on high risk with the hopes of generating a profit
Venture Risky undertaking
Opportunity Set of circumstances creating a possibility for a venture to be successful
Small Business Independently owned company that is limited in size and revenue
Creativity Use of original ideas
Financing providing funds for an enterprise or venture
Image impression that a person or organization presents to the general public
Innovation New or improved method, idea, or product
Integrity maintaining strong and consistent moral principles
Management process of controlling things or people
Planning Making plans
Product final good or service
Resourceful Having the ability to find quick and clever solution to problems or obstacles
Resources Money, materials, staff, and other assets needed in order for a company to function properly
Service Helping or doing work for someone(in most cases the end customer)
Created by: Brenp5744
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