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Entrepreneur

Key terms

TermDefinition
Entrepreneur A person who takes the financial risk in opening a store.
Entrepreneurship The process of running a business of one's own.
Teen Entrepreneur A young person in their teens who had an idea and took the risk to open a store.
Business Plan A written document describing all the steps necessary in opening and operating a business.
Sole Proprietor A business/store owned exclusively by one person.
Business Owner The title given to the person who the store belongs to financially.
Manufacturing Manufacturing businesses actually produce the products that are sold. (Goodyear)
Wholesaling Wholesaling businesses sell products to people other than the final customer (Goodyear)
Retailing Retailing Businesses sell products directly to the people who use them. (Walmart)
Service Service Businesses sell services rather than a product. (garage)
Created by: sweeks64
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