Chapter 6 self study

the program through which private investment companies licensed by the Small Business Administration lend money to small businesses is called the..

Small Business investment company

all consumers with unsatisfied wants and needs who have both resources and the willingness to buy are:

a market

becoming an ____ is one of the best ways to learn about how to run a business

apprentice

centers that offer new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, and secretarial help ___ ___

business incubators

a ____ ____ is a detailed written statement describing nature of business, target market, advantages the business will have over competition, and resources and qualifications of the owner

business plan

another way to encourage entrepreneurship is to create specific geographic area called ____ ____ in which governments offer lowers to attract private business

enterprise zones

The ___ ____ is a brief statement that will catch a reader's interest with the most important features of your plan

executive summary

____ are creative people who work as entrepreneurs within corporations

intrapreneurs

entrepreneurs who are not interested in starting a mammoth corporation, but rather are interested in a balance between lifestyle and work are called ___

micropreneurs

entrepreneurs must be ___ ___ enough to maintain enthusiasm, regardless of others' opinions

self-nuturing

a business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size in terms of employees or annual receipts in a

small business

Phil invests in new businesses in exchange for partial ownership in those businesses. Phil is a ___ ____

venture capitalist