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EBT Unit 3.0 Entrepreneurship VQ Review 1

AB
EntrepreneurAn individual who undertakes the risk associated with creating, organizing, and owning a business
EntrepreneurshipThe process of starting and operating one's own business
Business EthicsApplying principles of right and wrong to situations in the workplace
Code of EthicsA systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture
InnovationA new or different product
Mission StatementA written description of the purpose of a company and the management's philosophy
OpportunityAn idea that has commercial value
Small BusinessSometimes referred to as "mom and pop" businesses
DiscoveryThe stage in which the entrepreneur generates ideas, recognizes opportunities, and determines the feasibility of ideas, markets, ventures, etc.
DemographicsData that describes a group of people in terms of their age, marital status, family size, ethnic background, gender, education, and income
Concept DevelopmentThe stage in the entrepreneurial process in which the entrepreneur plans the venture, identifies needed resources using a business plan, and identifies strategies to protect intellectual property


Business Education Teacher
Hope Mills Middle School
Hope Mills, NC

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