How entrepreneurs want to make their own decisions by themselves
Independent
100
A new way of doing things; a new idea, method or device.
Innovation
100
A legal agreement to begin a new business in the name of a recognized company.
Franchise
100
An idea that has commercial value when consumers are ready and willing to buy the product.
Oppurtunity
100
The point at which consumers buy all of a product that is supplied. At this point, there is neither a surplus nor a shortage.
Equilibrium
200
The study of how people allocate scarce resources to fulfill their unlimited wants.
Economics
200
The process of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business
Entrepreneurship
200
The study of consumers based on social and psychological characteristics, including personality, values, opinions, beliefs, motivations, attitudes, and lifestyle elements.
Phsychographics
200
The seller of a franchise who is giving the buyer its planning and management expertise.
Franchisor
200
A new business undertaking that involves risk
Venture
300
The sale is not over until the salesperson is sure the customer is satisfied with the purchase.
Follow-up Selling
300
Someone whose job it is to bring buyers and sellers of a business together for free.
Business broker
300
A way for an entrepreneur to look for new things and solve old problems.
Creativity
300
A periodical published for a specific type of business or industry.
Trade Magazine
300
When government promotes a trade of goods
Government Incentives
400
When entrepreneurs want to know as much as possible about whatever can affect their venture.
Inquisitiveness
400
Hiring people and other companies to handle tasks a business can not do or chooses not to do itself.
Outsourcing
400
a series of steps a customer goes through when making a purchase.
Buying Process
400
Is the widespread respect and admiration felt for someone or something on the basis of a perception of their achievements or quality.
Prestige
400
Specially designated areas of a community that provide tax benefits to new business locating there; communities may also provide grants for new product development.
Enterprise Zones
500
A periodical published for people with special interests such as fashion, sports, camping and a variety of other areas.
Specialty Magazine
500
Things such as communication, time management and organization, setting goals, being able to speak publicly, being respectful, and most importantly determination are these kind of skills
Basic business skills
500
A systematic approach to developing new sales leads or customers, who are identified through referrals, public records or surveys
Prospecting
500
This is the strategic technique that analyzes a company’s strengths, weaknesses, opportunities and threats in the external sales environment.
SWOT Analysis
500
This alliance is a partnership formed among two or more companies.