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Entrepreneurship 1

TermDefinition
Business Plan A written document describing all the the steps necessary in opening and operating a successful.
Employees People who work for someone else.
Entrepreneurs People who own, operate, and take the risk of a business venture.
Entrepreneurship The process of running a business of one's own.
Franchise a legal agreement giving an individual the right to market a company's products or services in a particular are.
Job Description A written statement listening job duties and responsibilities.
Operating Expenses Expenses incurred by a business every month.
Partnership A business owned by two or more people.
Sole Proprietorship A business owned exclusively by one person.
Target Market Individuals or companies interested in a particular product or service who are willing and able to pay for it.
Created by: 503224
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