Quarter 1

Money that remains after a business has paid for the expenses of running the business.

Entrepreneurs are constantly looking for new ways to solve problems.

A new or different product

Entrepreneurs must make decisions and solve problems every day.

stage when entrepreneur id's & acquires financial, human, capital resources needed for startup

An entrepreneur is accountable for his/her actions and does what is required.

process of developing, installing & implementing computer information systems and applications.

stage when ideas are generated, recognizes opportunities, determines the feasibility of ideas,

The process of recording and reporting the financial data for a business.

name, symbol, figure, letter, word, or mark used by a manufacturer/merchant to designate goods

set of rules & procedures used to guide the behavior of an individual, a business, or a culture

The process of creating, promoting, and presenting a product to the consumers.

activities that deal with the hiring, firing, training and other personnel (employee) issues

contract b/w parent company and franchisee 2 use name & sell goods/services of parent company

curious about things may affect their business, not afraid 2 ask questions/conduct research

Data describing group of people in terms of age, marital status, family size, gender, etc

proposal that describes a new business

A company that does business and has business facilities in many countries, such as Coca Cola.

stage when entrepreneur decides on a venture’s future growth, development, or demise

Items that would be nice to have, but are not necessary.

Computer skills are essential in almost every business.

Entrepreneurs must develop writing, speaking and listening skills.

An idea that has commercial value

Tasks that businesses perform or provide for customers, such as haircuts and car washes.

business considered separate from the owners of business by law. owners are the stockholders.

work until a job is done

person's incentive to work to gain something for himself or herself (that is to make money).

Entrepreneurs must get along with others and enjoy meeting and talking to people.

A business owned by only one person.

make their own decisions & set their own schedules and are able to work without supervision.

understanding of how economy works, concepts of finance, marketing,management 4 successful bus.

way to protect literary, musical, dramatic, or artistic work

Entrepreneurs develop a plan of action and must make decisions to help achieve that plan.

Contest between businesses to win customers' business and loyalty

Items businesses sell that can be physically weighed or measured, such as iPods and CDs.

The process of leading and directing all or part of an organization

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

referred to as “mom and pop” businesses. generally started to create jobs for the owners.

Basic arithmetic & basic record keeping 2 make purchase decisions, calculate profit, etc

Entrepreneurs look for challenging opportunities. They are not afraid to take risks

A brief description of the key points of the business plan

activities involved in day2day running of business 4 purpose of producing value 4 stakeholders

exclusive rights granted by gov't 2 an inventor to manufacture, use, or sell an invention

A person who uses goods orservices. Many times the consumer is also the customer (purchaser).

stage when entrepreneur operates ventures & utilizes resources to achieve its goals/objectives

A business owned by two or more people.

Entrepreneurs believe in themselves.

stage when entrepreneur plans venture, identifies needed resources

business whose goal is 2 provide a service rather than make a profit, ex. American Red Cross.

An individual who undertakes the risk associated with creating, organizing, & owning a business