Chapter 5 - Small Business, Entrepreneurship & Franchises Flashcards

0
Q

The small business administration (SBA)

A

Government agency that helps small businesses in US by providing loans and business classes

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1
Q

Small business

A

Independently owned and operated and not dominant in its field

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2
Q

Entrepreneurship

A

Business plan; a carefully constructed guide for the person starting the business

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3
Q

Franchise

A

A license to operate an individually own businesses as though it was part of a chain of outlets or stores

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