flash cards

business exam ch5 words only

Question Answer
social entrepreneurship individuals who use entrepreneurship to address social problems
small business any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people
small business administration independent agency of the federal gov. that offers managerial and financial assistance to small businesses
undercapitalization lack of funds to operate a business normally
business plan a precise statement of the rationale for a business and a step by step explanation of how it will achieve its goal
venture capitalist persons or organizations that agree to provide some funds for a new business in exchange for an ownership interest or stock
franchise license to sell another's name or business, or both
franchiser company that sells a franchise
franchisee the purchaser of the franchise
intrapreneurs individuals in large firms who take responsibility for the development of innovations within the organization

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