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9 Cards in this Set
- Front
- Back
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Entrepreneur
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an individual who undertakes the creation, organization, and ownership of a business
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Entrepreneurship
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the process of recognizing an opportunity, testing it in the market, an gathering resources necessary to go into business
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Opportunity
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an idea that has commercial value when consumers are ready and willing to buy that product
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Venture
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a new business undertaking that involves risk
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Mission Statement
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a declaration of the specific aspirations of a company, the major goals for which it will strive
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Manager
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a person who is responsible for directing and controlling the work and personnel of a business, or a particular department within a business
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Services
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intangible(nonphysical) products that satisfy consumers' wants and needs
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Wants
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something that you do not have to have for survival, but would like to have
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Factors of Production
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the resources businesses use to produce the goods and services that people want
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