Entrepreneurship Vocabulary Review

The amount of money a person puts into his/her business as capital.

The rivalry among businesses for consumer dollars.

Skills that are used when setting up and running a business.

The capital, skilled labor, management expertise, equipment, etc. need to start a new business.

Point at which consumers buy all of a product that is supplied.

Someone whose job is to bring buyers and sellers together.

A set of characteristics or qualities that identifies a type of person.

Federal agency that provides services to small businesses and new entrepreneurs.

The process used to test a business concept that helps decide whether a business has potential.

The interconnected economies of the nations of the world.

A business that is operating under a new name.

Occurs when demand exceeds supply.

A restriction on goods entering or leaving a country.

A document that describes a new business and a strategy to launch that business.

A business that handles overseas shipments.

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

Acting like an entrepreneur or having an entrepreneurial mind-set.

A tool used for organizing important information about a businesses competition. 

Something not required for survival but you would like to have.

The general pattern of expansion and contraction that the economy goes through.

Contracting with other companies for serives.

A clear and concise description of an opportunity that contains four elements.

Finding new, creative ways of doing things.

Personal characteristics that describe a population.

Resources businesses use to produce goods and services that people want.