Term
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Definition
the process of creating and managing a business to achieve desired objectives |
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Term
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Definition
the process of creating and managing a business to achieve desired objectives |
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Term
Small Business Administration (SBA) |
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Definition
an independent agency of the federal government that offers managerial and financial assistance to small business
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Term
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Definition
the lack of funds to operate a business normally |
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Term
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Definition
a precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals |
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Term
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Definition
persons or organizations that agree to provide some funds for a new business in exchange for an ownership interest or stock
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Term
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Definition
a license to sell another’s products or to use another’s name in business, or both |
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Term
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Definition
the company that sells a franchise |
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Term
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Definition
the purchaser of a franchise
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Term
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Definition
individuals in large firms who take responsibility for the development of innovations within the organization |
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