ESB 2
Entrepreneurs are willing t take on new opportunities and unknown ________ to grow their business rapidly.
Risks
A tangible item a business owns
Asset
This marketing platform is commonly seen on the other side of a freeway.
Billboard
A business-to-business commercial transaction between businesses.
B2B
A business-to-consumer (B2C) transaction.
B2C
This is the third stage of the Design Thinking Process
Ideate
Business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation
C Corporation
The amount of money a business plans on spending during a given period
Budget
Oversees a business's operations and resources and makes the major decisions for the company
CEO
Oversees a company's finances
CFO
A tangible item
Product
A business that takes its name and characteristics from an existing business chain
Franchise
The amount of money charged for goods or services
Price
A fixed payment amount provided to a full-time employee
Salary
Intangible service or skill that is performed
Service
During this stage, the owner's business is economically healthy and can start to pay off is debts
Success
A preliminary product, commonly a product with minimum viability, from which to test and develop
Prototype
What does ESB stand for?
Entrepreneurship and Small Business
Empathy or Empathize
Compensation provided for the amount of work produced.
Piece Work
A monetary amount given to employees in return for their work.
Compensation
individual who aspires to start and run a successful business
Entrepreneur
individual or business that purchases goods or services from a businesses
Customer
Non-cash compensations offered to employees in place of or in addition to a lower salary
Equity
S corporation