Entrepreneurship I 1.00

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The American Culinary Federation, Inc

Largest professional chef certifying organization

Small Business Institute

Programs offered by colleges in business managements

Insurance Agent

a legal representative of one or more insurers for which the representative has a contractual agreement to sell insurance

MANAGER

a person who has the upper hand; a person who is in charge of someone or something

OWNER

a person who owns something

PROCESSES

a series of steps by which resources are changed into a desired product

Service Corps of Retired Executives (SCORE)

an organization that provides free, comprehensive business consoling for small business owners form qualified volunteers

CUSTOMERS

clientele

Small Business Association (SBA)

government agency that provides support to entrepreneurs and small businesses

Attorney

lawyer

Chamber of Commerce

nonprofit organization of local businesses formed to promote their interests

Small Business Development Center (SBDC)

offer guidance to entrepreneurs and small business owners on how to set up and manage business operations

Federal Trade Commission

responsible for preventing fraud in the marketplace by preventing price fixing and deceptive advertising.

Accountants

someone whose job is to keep the financial records of a business or person

US Department of Commerce

source of information for export awareness

ENTREPRENEUR

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

Worker's Compensation

A type of insurance that protects workers from loss wages after an industrial accident that happened on the job

American Marketing Association (AMA)

An association of individuals and organizations that are considered to be leaders in the marketing industry.

INNOVATION

An improvement of an existing technological product, system, or method of doing something.

DEMAND

Consumer willingness and ability to buy products

RISK

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

PLANNING

Determining organizational goals and a means for achieving them

DONATIONS

Gifts

The State Department of Labor

Handles relations with othe nations

PEOPLE

Humans

COMPETITION

Rivalry

WELFARE PROGRAMS

State regulated programs for those who live under minimum accepted means

SUPPLY

The amount of goods available

Internal Revenue Service (IRS)

The branch of the U.S. Treasury Department in charge of collecting taxes

SPONSORSHIP

The giving of money or goods to performers or sports in order to get good publicity and to increase profit


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