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Entrepreneurship Chapter 3 Vocabulary

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online businesscompany that conducts business by means of the internet
business brokerSomeone whose job is to bring buyers and sellers together
outsourcingContracting with other companies for services
strategic allianceForming a partnership with another company
corporate ventureNew venture started inside a large corporation
innovationFinding new ways of doing things
nicheSmall specialized market
brainstormThink freely to generate ideas
demographicsPersonal characteristics that describe a population
trade magazinePeriodical published for specific types of businesses or industries
specialty magazinePeriodical that targets people with special interests in sports, camping, fashion, and a variety of other areas
trade showPlace where vendors and manufacturers introduce new items and promote established products and services
valuesThese define who you are, shape your attitudes and your choices, and help you identify your priorities
goodwillLoyalty of customers who continue to shop at a business after new ownership has taken over
franchiseLegal agreement to begin a new business in the name of a recognized company
franchiseeThe buyer of the franchise
franchisorThe seller of the franchise
servicesIntangible things that businesses do for us that enhance our lives


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