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Entrepreneurship voc
| Term | Definition |
|---|---|
| Acquisition | Taking ownership of another business |
| Advertising | The activity of attracting public attention to a product or business through paid announcements in print, broadcast, or electronic media |
| Angel investors | individuals who back emerging entrepreneurial ventures, usually as a bridge to get from the self- funded stage to the level of business that would both need and attract venture capital |
| Appraisal | A formal estimate of the value of something on the market. |
| Barter | Direct exchange of merchandise and/or services between businesses |
| Business incubator | Provides workspace, coaching, and support services to entrepreneurs and early-stage businesses |
| Business valuation | An estimate of the worth of a business entity and its assets |
| Consumer Direct Marketing | a form of network marketing in which the distributors are all consumers and must also buy the product for their personal use |
| Copyright | A form of protection for published and unpublished literary, scientific, and artistic works that have been fixed in a tangible or material form |
| Corporation | A body that grants a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. The primary advantage of a corporation is that it shields its investors from personal liability |
| Downline | in a multilevel marketing business, the collection of all people signed up underneath an individual on which the individual receives payment on their sales |
| Due Diligence | The inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction |
| Entrepreneur | A person who organizes, operates, and assumes that risk for a business venture |
| General Partnership | An organization structure in which each general partner shares in the administration, profits, and losses of the operation |
| Home-Based Business | A business whose primary office is in the owner’s home |
| Independent contractor | One who practices an independent trade, business, or profession in which they offer their services to the public |
| Intrapreneur | Someone who takes on entrepreneur-like ventures within a large corporate environment |
| Joint venture | A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses |
| Limited Liability Company (LLC) | A legal entity that is not taxable itself and distributes the profits to its owners, but shields personal assets from business debt like a corporation |
| Limited Partnership | A business arrangement in which the day-to-day operations are controlled by one or more general partners and funded by limited or silent partners who are legally responsible for losses based on the amount for their investment |
| Line of credit | Similar to a business loan, except that the borrower pays interest only on the amount actually used. Much like a credit card, the business make periodic payments against the outstanding balance |
| Marketing | The process of researching , promoting, selling and distributing a product or service. Marketing covers a broad range of practices, including advertising, publicity, promoting, pricing, and overall packaging of the goods and services |
| Merger | A joining together of two previously separate corporations. A true merger in a legal sense occurs when both companies dissolve and move their assets and liabilities into a newly created entity |
| Multilevel Marketing (MLM) | Any business in which a person receives proceeds from their own sales and from the sales made by people they have signed up, and potentially people those people have signed up, and so on |
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yoityou