Entrepreneurship Unit 1

A person who organizes, manages, and takes on the risks of a business.

the principles of right and wrong that guide an individual in making decisions

the customary code of polite behavior in society or among members of a particular profession or group.

Actions or processes that involve the entire world and result in making something worldwide in scope.

something new, a change; the act of introducing a new method, idea, device, etc.

someone who works inside an existing organization who sees an opportunity for a product or service and mobilizes the organization's resources to try to realize it

Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.

a person who is in charge of someone or something

An individual who assumes the risks and receives the personal and financial awards for the business but is not interested in expanding her/his company

treating facts without influence from personal feelings or prejudices

formal instructions that government issues for implementing laws

a broad franchise agreement in which the franchisee pays for the right to use the name, trademark, and business and production methods of the franchisor

to bring together (separate parts) into a single or unified whole; unite; combine:

A business owned by stockholders who share in its profits but are not personally responsible for its debts

the act of increasing (something) in size or volume or quantity or scope