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Vocabulary
Entrepreneurship
| Question | Answer |
|---|---|
| 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 |
| Appraisal | A formal estimate of the value of something on the open market |
| Barter | Direct exchange of merchandise and/or services between businesses |
| Business Incubator | provides workspace,coaching, and support services to entrepreneurs and early |
| 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| Copyright | A form of protection for published and unpublished literary, scientific, and artistic works that have been fixed in a tangible or material form |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 is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. |
| 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 the risk of a business venture |
| General partnership | An organizational 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 take 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 |
| Line of credit | similar to a business loan, except that the borrowers pays interest only on the amount actually used. |
| Marketing | The process of researching,promoting,selling and distributing a product or service. |
| Merger | A joining together of two previously separate corporations. |
| Multilevel Marketing | 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 |