Vocab Chapter 5 Flashcards
1
Q
Entrepreneurship
A
a business started by someone who notices a need for a product or service
2
Q
Virtual Business/Dot-com company
A
Business that operates on the internet
3
Q
Entrpreneur
A
Person who recognizes a business opportunity and organizes, manages and assumes the risks of a business enterprise with intent o increasing market value of the business
4
Q
risk taker
A
someone who likes to take risks
5
Q
Profit
A
money left over after a business has paid all costs of producing its goods or services
6
Q
Small business
A
an independently owned business that usually jas the owner as it manager
