Entrepreneur and Small Business Chapter 6

An invention or creating that is brand new.

Money to pay for current operating costs of the business is which type of financing

Money provided by large investors to finance new products and new businesses that have a good chance to be profitable.

Someone who takes a risk in starting a business to earn a profit

The license to operate a business uses which type of financing?

A(n) _________ is an invention or creation that is brand new.

Everyone who owns a business is an entrepreneur?

Entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.

There is little evidence that developing a business plan has any impact on whether a new business fails or succeeds

Financing is the money needed to pay for the current operating activities of a business

You will likely pay more for a product or service from a small company than from a large one

A business plan includes a description of the strengths and weakness of competitors.

Before a business owner completes the business plan, he/she should ask business experts to review the plan

The land that the business is built on is which type of financing?

Purchase of the equipment to open a business is which type of financing?