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13 Cards in this Set
- Front
- Back
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1. A_____________consists of people with unsatisfied wants and ,needs who have both the resources and willingness to buy. |
Market |
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2. Governments try to attract private business investment to specific geographic areas known as__________ by offering lower taxes and other government support. |
Enterprise zones |
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3. A group of experienced people from different areas of business who join together as an __________ form a managerial team with the skills needed to develop, make and market new product. |
entrepreneurial team |
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4. A_________ is independently owned and operated, not dominant in its field of operation, and meets certain standards oI size in terms of employees or annual receipts. |
small business |
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5. Individuals or companies known as__________ invest in new businesses in exchange for partial ownership of those businesses. |
venture capitalist |
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6. Centers called_____________ offer new businesses low-cost offices with basic business services. |
incubators |
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7. The SBA office known as the___________ has volunteers from industry, trade associations, and education who counsel services for small businesses at no cost, except for expenses |
Service Corps of Retired Executives(SCORE) |
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8. __________is accepting the risk of starting and running a business. |
Entrepreneurship |
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9. Creative people known as____________work as entrepreneurs with in corporations. |
Intrapreneurs |
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10. A _________ is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competitiory and the resources and qualifications of the owners. |
Business plan |
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11. The program through which private investment companies are licensed by the Small Business 'Administration to lend money to small businesses is called the______________. |
Small Business Investment company Program (SBIC) |
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12. ____________ are entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them balanced lifestyle. |
Micropreneurs |
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13. The U.S. govemment agency called the ____________________ advises and assists small businesses by providing management training and financial advice and loans. |
Small Business Administration |
