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BM Ch 1-4 CHARACTERISTIC OF BUSINESS Vocab 2

AB
businessorganization that produces or distributes a good or service for profit
commercial businessesmarketing, finance, or furnishing services firms
entrepeneurperson who starts, manages, and owns a business
franchisecompany and distributor agree to sell product-service under special conditions
franchiseedistributor of franchised product or service
franchisorparent company of franchise providing product or service
industrial businessesfirms that produce goods for other business to make things
industryword often used to refer to all business in a category
intrapreneuremployee given funds and freedom to create dept within company for new idea
service businessesfirm of skilled workers providing assistance to satisfy specialized needs
small businessfirm operated by one or a few individuals


Business Instructor
Belleville East High School
Belleville, IL

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