| Term | Definition |
|---|
| Business Plan | a description of the goals of a business and how it will operate |
| Competition | when two or more companies rival for consumer dollars |
| Consumer | someone who purchases a good or service with the intent to use it |
| Corporation | business owned by many people but treated by the law as though it were owned by one person |
| Entrepreneur | a person who organizes, manages, and assumes the risk of a business |
| Laws of supply and demand | economic rules that influence consumer buying decisions |
| Partnership | business that two or more people own and operate |
| Persistent | continuing for a long period of time to accomplish a task |
| Producer | someone who creates a good or service |
| Risk | possibility of loss |
| Sole proprietorship | business owned by one person |
| Stock | a share of the ownership in a company |
| Stockholder | a person who owns stock in a company |
Combine with other sets
Share on Facebook
Share on MySpace