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Entrepreneur
Key terms
Term | Definition |
---|---|
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) |