Principles of Business Chapter 6
insurance agent
valuable source of information regarding techniques to reduce a firm's exposure to risk.
creating detailed business plan
what entrepreneurs seeking financial support from bankers and potential investors should do
analysis of the competition
what the business plan will include
business plan
written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.
intrapreneur
A creative person working within a corporation to launch new products and generate new profits
venture capitalist
A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company
small business investment company
A program through which private investment companies licensed by the SBA lend money to small businesses.
affiliate marketing
A successful web-based strategy that helps a business spread the word about its website and products
entrepreneurship
Accepting the risk of starting and running a business.
micropreneurs
Business owners who prefer to maintain their businesses at a manageable size
SBDC
One of the best places for young entrepreneurs to start shopping for an SBA loan
service corp of retired executives
The Small Business Administration sponsors volunteers from industry, trade associations, and education who offer advice to small business owners. These volunteers
Intrapreneurs work within the company
Which of the following best describes the difference between an intrapreneur and an entrepreneur?
SBA
Which of the following government agencies is responsible for encouraging the development of small business?
enterprise zones are specific geographic areas that:
governments attract private business investment by offering lower taxes and other government support.
entrepreneurial team
group of experienced professionals from different areas of business who join together to develop, make, and market a new product.
angel investors
private individuals who invest their own money in potentially hot new companies before these firms become larger, publicly traded companies.
market
refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.
65%
small businesses create that much of the new jobs in the US
