Vocabulary
More Vocabulary
Entrepreneurship
Going into Business
More Going into business
100
A person who organizes and then runs a business
What is entrepreneur
100
A contract to use something for a specified period of time
What is lease
100
Entrepreneurs often work long or short hours
What is long
100
Some advantages of this type of business are: having a recognized product name and having established procedures and management systems
What is a franchise
100
One disadvantage of this type of business is that some families do not work well together
What is a family business
200
The expenses involved in going into business
What is start-up costs
200
customer loyalty
What is goodwill
200
Entrepreneurship can lead to good ( )
What is income
200
One advantage of this type of business is that your relatives can teach you the business
What is a family business
200
One disadvantage of this type of business is that you have to pay part of your profits to the parent company
What is a franchise
300
The potential for future sales
What is market outlook
300
The costs of doing business, such as the costs of manufacturing and selling the product
What is operating expenses
300
Entrepreneurs have this trait that means they set goals and make plans to achieve their goals.
What is self-motivation
300
You can save on ( ) by buying an existing business.
What is start up costs
300
Most businesses begin as
What is sole proprietorships.
400
Income from sales
What is revenue
400
A summary of a businesses income and expenses during a specific period.
What is income statement
400
Entrepreneurs have good sight and foresight, they see opportunities. This means they are...
What is perceptive
400
Having a poor reputation is a disadvantage of ( )
What is buying an existing business.
400
( ) can be very important for most businesses.
What is location
500
The amount of money left after operating expenses are subtracted from the gross profit.
What is net profit
500
spells out your start up costs, operating expenses, and other costs for the first few months.
What is financial plan
500
Entrepreneurs can make good business decisions, this means they are...
What is decisive
500
One disadvantage of starting a new business is that you have to convince ( ) that your business idea is sound.
What is lenders
500
With this form of ownership, owners but shares of the company.
What is corporation
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