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Marketing Research

TermDefinition
Entrepreneur Someone who starts and operates a business or company
Sole Proprietorship A business ran by one person
Partnership A business started and ran by two people
Corporation a business that is registered by the state
Limited Liability Corporation A company or Business that has managers and owners who enjoy limited liability with tax benefits
Competition The act of two or more parties competing or challenging each other towards a certain goal
Investment The process of saving money to use in the future
Capital Money that you use to start a business or use to save to make more money
Non Profit Corporation Legal business that makes money for reasons apart from the owners
Sub-chapter S Corporation A business that is set up like a corporation, but taxed like a partnership
Equity a fancy word for money
Profit a financial gain
Risk The danger of losing something
Venture An activity where there is a risk of losing something
Economic resources resources that can make goods and services
Expenses the costs of operating a business
Primary data Data gathering by yourself
Secondary data Data gathered by somebody else
Created by: jb371947
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