Entrepreneurship terms

a company that is organized for commercial purposes

Measure used to evaluate efficiency/profitability of an investment

Something of benefit that could be used to produce economic value

Value returned to company’s shareholders if all assets were liquidated and debts were paid off

an idea that has commercial value

income, especially when of a company or organization and of a substantial nature.

money that is left after all the expenses of running a business have been deducted from the income

the buildings, equipment, tools, and other goods needed to produce a product, or the money used to purchase them

the amount of money one puts into a business as capital

intangible items that have monetary value and satisfy needs and wants

What does CEO stand for?

an individual who undertakes the creation, organization, and ownership of a business

when wants are greater than resources

deals with the production and distribution and consumption of goods and services and their management

capital, skilled labor, management expertise, legal and financial advice, a facility, equipment, and customers

company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.

Business undertaking involving risk

Cost required for something

Something a person / company owes (usually $)

provides capital for a business or businesses start-up, usually in exchange for ownership equity