Entrepreneurship I -- UNIT 2 Vocabulary

A systematic study of the market

The process of generating and developing new ideas

State or describe exactly the nature, scope, or meaning of.

a company's blueprint for success; shows how the business works now and how it is intended to work in the future;

A financial breakdown that allows owners/managers to determine when a business venture will break even

is a 1-page business plan template created by Ash Maurya that helps you deconstruct your idea into its key assumptions.

putting yourself in another persons place

the process of introducing a new product to a limited to determine what its acceptance will be.

Collecting information about the environment surrounding your business

an early sample or model of a product

An organized inquiry into the possible success of a business idea or venture

A graphical representation of the flow of authority within an organization.

All of the expenses involved in running a business

The physical and social characteristics of the population information used to describe a population