| A | B |
|---|
| Sole Proprietorship | The most common form of business ownership |
| Partnership | A business owned by 2 or more people |
| Corporation | Ownership that comes in the form of shares of stock |
| S-Corporation | A company that is not taxed as a business |
| Target Market | The people you most want to sell to |
| Survey | A method of collecting data on a product or service. |
| Free Enterprise | The economic system most characteristic of democratic societies. |
| Equilibrium | The price point at which supply and demand meet. |
| Supply | The amount of a good or service that producers are willing to provide. |
| Demographics | A description of the characteristics of the person that is likely to purchase a product or service |
| Outsource | To contract with other companies for services |
| Business Plan | Complete description of the business |
| Vision | What you see the business becoming |
