FBLA Entrepreneurship
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Created by:
mzjasmineb on March 12, 2012
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21 terms
Terms | Definitions |
|---|---|
 Taking ownership of another business | Acquisition |
| The activity of attracting public attention to a product or business, as by paid announcements in the print, broadcast, or electronic media | Advertising |
| Individuals who back emerging entrepreneurial ventures, usually as a bridge to get from the self-funded stage to the level of business that would both need and attract venture capital. | Angel Investors |
| A formal estimate of the value of something on the open market. It also describes how the estimation and conclusion of value was made | Appraisal |
| Direct exchange of merchandise and/or services between businesses | Barter |
| Provides workspace, coaching, and support services to entrepreneurs and early-stage businesses | Business Incubator |
| An estimate of the worth of a business entity and its assets | Business Valuation |
| A form of Network Marketing in which the distributors are all also consumers, i.e., they must also buy the product for their personal use. | Consumer Direct Marketing |
| A form of protection for published and unpublished literary, scientific and artistic works that have been fixed in a tangible or material form | Copyright |
| A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members | Corporation |
| In a Multi-Level Marketing business, the collection of all people signed up underneath an individual on which the individual receives payment on their sales | Downline |
| The inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction. | Due Diligence |
| An organizational structure in which each general partner shares in the administration, profits and losses of the operation | General Partnership |
| A person who organizes, operates, and assumes the risk for a business venture. | Entrepreneurship |
| A home based business is a business whose primary office is in the owner's home. | Home Based Business |
| One who practices an independent trade, business, or profession in which they offer their services to the public | Independent Contractor |
| A intrapreneur is one who takes on entrepreneur-like ventures within a large corporate environment. | Intrapreneur |
| A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses | Joint Venture |
| A legal entity that is not taxable itself and distributes the profits to its owners, but shields personal assets from business debt like a corporation. | Limited Liability Company (LLC) |
| A business arrangement in which the day-to-day operations are controlled by one or more general partners and funded by limited or silent partners who are legally responsible for losses based on the amount of their investment. | Limited Partnership |
| Similar to a business loan, except that the borrower only pays interest on the amount actually used. | Line of Credit |
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