Intro to Business - Chapter 6

Money needed for resources for the business that will last for many years.

A business plan does not have to be written, the owner knows what he needs to do.

Which is NOT one of the reasons small businesses fail?

Money needed to pay for current business operating activities.

Written description of a business idea and how it will be carried out, includes all activities.

Everyone who owns or manages a business is an entrepreneur?

The process of starting, organizing and assuming the responsibility for a business.

An invention or creating that is brand new

An independent business with fewer than 500 employees

Someone that takes a risk to start a business to earn a profit.

Designed change that increases the usefulness of a product, service, or process. 

Government agency to help small business owners write plans, obtain financing and other support

Money provided by large investors to business and new projects.

A competitive advantage that small business have over large businesses is.

Most small business owners enjoy being part of a team.

Every business begins with a(n).