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Entrepreneurship & Small Business Chapter 5

AB
Entrepreneurshipa business started by someone who notices a need for a product or service
Virtual businessa business that operates on the Internet
Profitthe money left over after a business has paid all costs of producing its goods or services
Small businessan independently owned business that usually has the owner as its manager
Risk takersomeone who likes to take risks
Entrepreneura person who recognizes a business opportunity
Dot-com companyalso known as a virtual business
Long hoursa disadvantage of an entrepreneurship



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