Entrepreneurship 4.1 4.2 Vocab

shipping products from one country to another country for future sale.

Geographic area in which businesses receive favorable tax credits, financing, or other incentives.

Government Agency dedicated to helping small businesses and entrepreneurs succeed.

Nonprofit association helping small business start-ups and entrepreneurs.

Importing is bringing products made in one country into another country for future sale.

One common trade barrier that is a tax on imported goods

Nonprofit organization that evaluates and monitors more than three million businesses and charities.

Planning and managing the flow of goods, services, and people to a destination.

Exchange rate is the rate at which one currency can be converted to another

An association of business people that promote the commercial interests of a community.

Importing is shipping products from one country to another country for future sale.

A regulation is a rule that has force of law and is issued by an agency of government.

Trade barriers are governmental regulations that restrict trade with other countries.

The body of law that governs the activities of administrative agencies of government.

The businesses, people, and activities involved in turning raw materials into products and delivering them to end users.

Licensing is when a business sells the right to manufacture its products or use its trademark.

A partnership in which two ormore companies work together for a specific business purpose.

Small business development center is a program giving a wide variety of information and small business guidance.