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ENT - Starting Versus Buying a Business Vocabulary

AB
valuesdefine who you are, shape your attitudes and your choices, and help you identify your priorities
goodwillis an extremely valuable business asset
franchiseis a legal agreement to begin a new business in the name of a recognized company
franchisee(buyer) the right to a product, process, or service; training and assistance in setting up the business.
franchisor(seller) is selling its planning and management expertise
business brokeris someone whose job is to bring buyers and sellers together
corporationis a business that is registered by state and operates apart from its owners
partnershipis an unicorporated business with two or more owners


Business Education Teacher
North Point High School
Waldorf, United States

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