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11 Cards in this Set
- Front
- Back
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a person who has possession of a new enterprise, venture or idea and is accountable for the inherent risks and the outcome of a product
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entrepreneur
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is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
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entrepreneurship
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a good position, chance, or prospect, as for advancement or success.
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opportunity
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small business
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an independently owned and operated business that is not dominant in its field of operation and conforms to standards set by the Small Business Administration or by state law regarding number of employees and yearly income called also small business concern (mom & pops)
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venture
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a business enterprise or speculation in which something is risked in the hope of profit; a commercial or other
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mission statement
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an official statement of the aims and objectives of a business or other organization
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manager
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a person who has control or direction of an institution, business, etc., or of a part, division, or phase of it.
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services
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intangible products
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goods
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tangible products
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wants
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something you dont need to have for survival, but would like to have.
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factors of production
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resources businesses use to produce the goods and services thar people want.
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