| A | B |
|---|
| Entrepreneur | makeing fortunate discoveries by accident |
| Business Plan | Used to persuade lenders and investors to finance the business |
| Employee | Person who works for someone else |
| need | something required to survive |
| Temporary Employee | Works for a set period of time or to complete a task |
| Profit Sharing | regular salary plus a share of the company's profits |
| profit | money left over after all expenses have been paid |
| promotion | any method to inform the public about a product or service |
| Full Time | Works more than 32 hours a week |
| patent | protection for a person's inventions |
| Franchisee | Buys a franchise agreement |
| Competition | Keeps prices at a reasonable level |
| Business Broker | Buys and sells existing businesses |
| sole proprietorship | business organization run by one person |
| partnership | two or more individuals operating a business for a profit |
| corporations | legal entity which exist separately from owners |
| Communism | Government controls all businesses |
| Capitalism | Individuals make decisions and have the greatest influence over the economy |
| Owners of a Coporation | Buy Stock |
| Capital Resources | tools, building, equipment |
