BU20 3.03 Starting a Business Vocabulary

The legal right granted to an author to exclusive publication, production, sale, distribution.

Any name, symbol, figure, letter, word, or mark adopted and used by a manufacturer

The process of starting and operating one’s own business

A proposal that describes a new business

Stage in which the entrepreneur decides on adventure’s future growth, development, or demise.

A written description of the purpose of a company and the management’s philosophy.

The stage where resources and strategies to protect intellectual property are identified.

The stage in which the entrepreneur operates the ventures and utilizes resources.

The stage in where  financial, human, and capital resources are identified.

A new or different product

An idea that has commercial value.

Individual who undertakes the risk associated with creating, organizing, and owning a business.

The exclusive rights granted by a government to manufacture, use, or sell an invention

Capital and resources needed to start a business

Sometimes referred to as “mom and pop”businesses. 

Wealth in the form of money or property

Stage in which the entrepreneur generates ideas and recognizes opportunities.

 A brief description of the key points of the business plan

Venture A business undertaking involving risk

Data that describes people in terms of their age, marital status, ethnic background, gender,etc

Applying principles of right and wrong to situations in the workplace.