Chapter 5

An independently owned business that usually has the owner as its manager

A virtual business is a business that operates on the Internet.

Businesses that use the Internet have grown more than 45% faster than those that do not.

One of the biggest obstacles in starting a business is

SBA stands for

The main reason people become entrepreneurs is to have the opportunity to be creative.

Having a special meaning or significance:

Many successful entrepreneurs work in a related business before starting their own company.

A virtual business is a business that operates on the Internet.

A small business serves a limited geographic area and employs no more than 100 people.

A new business undertaking that involves risk is called

A person who organizes, manages, and assumes the risks of starting/operating a business:

Entrepreneurship involves:

Before starting a particular business, you need to do market research.

An independently owned business that usually has the owner as mgr is called a small business.

SBA stands for

The main reason people become entrepreneurs is to have the opportunity to be creative.

Many successful entrepreneurs work in a related business before starting their own company.

A general idea:

A virtual business acts like a business but is NOT a real business.

A general idea is called a concept.

A general idea:

Having a special meaning or importance:

One of the biggest obstacles in starting a business is:

A written desc of a new business venture that describes all aspects of a business is called:

Most US businesses are

Knowing about business ONLY benefits you as an employee, not as a consumer

A new business undertaking that involves risk: