| A | B |
|---|
| Most businesses in the United States are ___ businesses | small |
| True or False: You should be able to prepare a good business plan in about an hour | false |
| A ___ is a good way to organize your thinking when you begin planning your own business | checklist |
| True or False: All dot-coms operate only on the Internet | false |
| True or False: The Internet is a good arena for entrepreneurs to sell products and services | true |
| A small business is defined as a business that employs less than ___ people | 500 or fewer |
| The __ is a one- to three-page overview of the business plan | summary |
| A ___ is a written description of a new business venture that describes all aspects of the business | business plan |
| An independently owned business that usually has an owner as its manager | small business |
| The money left over after a business has paid all costs of producing its goods or services | profit |
| Entreprenuership soard in the late 1990s due to | dot-com companies |
| ___ is a business started by someone who notices a need for a product or service | entrepreneurship |
| What is someone like Jeff Bezos, who started Amazon.com, called? | entrepreneur |
| A business that receives large shipments of products from many different producers then break these shipments into smaller batches for resale. | wholesaler |
| A business owned by many people but treated by law as one person | corporation |
| Purchases goods from a wholesaler and resells them to the customer, or the final buyer | retailer |
| A business that moves goods from one business to another | intermediary |
| A business that makes finished goods out of processed goods | manufacturer |
| Businesses that change raw materials into more finished products | processor |
| A business that gathers raw products in their natural state | producer |
| An organization owned and operated by its members for the purpose of saving money on the purchase of certain goods and services | cooperative |
| A business that focuses on providing a service rather than making a profit | non-profit organization |
| A contractual agreement to sell a company's products or services in a designated geographical area. | franchise |
| Shares of ownership in a corporation | stocks |
| A business owned by two or more persons who share in the risk and rewards | partnership |
| Taking full responsibility for your company's debts even at the expense of your own personal assets | unlimited liability |
| A business owned by only one person | proprietorship |
