| A | B |
|---|
| entreprenuer | someone who takes a risk in starting a business to earn a profit. |
| entrepreneurship | The process of starting, organizing, managing, and assuming the responsibility for a business. |
| venture capital | Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable. |
| innovation | An invention or creation that is brand new. |
| improvement | A designed change that increases the usefulness of a product, service, or process. |
| small business | An independent business with fewer than 500 employees. |
| business plan | A written description of the business idea and how it will be carried out. |
| start-up financing | The amount of money needed to open the business. |
| short-term financing | The money needed to pay for the current operating activities of a business. |
| long-term financing | Money needed for the main resources of a business. |
| True | T/F One of the main reasons that businesses started by entrepreneurs fail is inadequate capital. |
| False | T/F Everyone who owns or manages a business is an enreprneur |
| False | T/F The primary reason that businesses started by entrepreneurs close is disagreements with business partners. |
