
Unit 2 Vocabulary - Business Essentials
Quiz by Lisa Calvert
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
An investor who makes a one time startup gift to a business venture.Â
The way a business finances its startup and growth.Â
As asset that a business owner pledges to give up if they do not pay back the loan.Â
When an entrepreneur takes out loan to finance business venture.
When an entrepreneur searches for opportunities to deliver new goods and services.Â
The process of delivering an idea, taking risks, and establishing a business.Â
Occurs when money is given to a venture by the purchase of stock of a business.Â
Component of a business plan that contains strategies for how a business will obtain start-up capital, identify resources needed and assess the cost and benefits of resources.Â
Component of a business plan that refers to will be how a company will be organized.Â
Entrepreneurs research into consumer preferences.Â
Component of a business plan that contains a strategy for how a business will generate revenue.Â
A leadership skill that involves setting goals with methods to accomplish them.
The potential of an action will not go as planned.Â
Skill in the area a person is operating a business in.Â
Starting a business that involves risks
The money investors use to fund start up and forge partnerships with owners.Â
Being fully engaged in the communication process by concentrating and participating.Â
A skill necessary to interact with others
A formal explanation of the company's goals.
The hierarchy of roles within a business.Â
A goal that is specific, measurable, achievable, result focused, and time bound.
The people a speaker hopes to communicate with.Â
A way for business to evaluate how well it can meet the challenges of a new product or project.Â