Shared Flashcard Set

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1.03 Explain Career Opportunities in Entrepreneurship
N/A
18
Business
12th Grade
02/01/2013

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Cards

Term
Entrepreneurs
Definition
- people who sense opportunity and take risks in the face of uncertainty. One who has a fire, a passion for their mission.
Term
Small business owners
Definition
- Those who manager their own companies usually with 100 or less employees. They may also perform all tasks.
Term
Manager
Definition
- Individual whose job involves carrying out management functions.
Term
Service business
Definition
- A type of business that performs intangible activities that satisfy the wants of the consumers or industrial users.
Term
Home-based business
Definition
- A company that is operated in a residential dwelling.
Term
Engineering
Definition
- the skill to invent and develop new products (or services).
Term
Manufacturing
Definition
- the skill to deliver them, consistently and reliably, with quality, service, and price.
Term
Selling
Definition
- the skill to sell them.
Term
Business
Definition
- the skill to make a profit by manufacturing or selling.
Term
Outsourcing
Definition
- Acquiring assistance from outside organizations/consultants to obtain goods or services to accomplish business objectives or perform primary business activities.
Term
Strategic alliances
Definition
- joint venture; An arrangement that involves two or more businesses entering into a relationship by combining complementary resources such as technology, skills, capital, or distribution channels, for the benefit of all parties; the relationship is usually short-term or for a single project/transaction.
Term
Corporate venture
Definition
- is the investment of corporate funds directly in external start-up companies.
Term
Debt radio
Definition
- is a financial ratio that indicates the percentage of a company's assets that are provided via debt. It is the ratio of total debt (the sum of current liabilities and long-term liabilities) and total assets ( the sum of current assets, fixed assets, and other assets such as 'goodwill').=Assets(Things of value)/Liabilities(Debt)
Term
Inventory
Definition
- the goods and materials that a business holds for the ultimate purpose of resale, stock.
Term
Capital
Definition
- Assets of a business.
Term
Inquires
Definition
- 1: examination into facts or principles: research;2: a request for information; 3: a systematic investigation often of a matter of public interest.
Term
Solicited inquires
Definition
- when a business or agency advertises its products or services.
Term
unsolicited inquires
Definition
- if the recipient has done nothing to prompt your inquiry.
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