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Definition
Any business that is operated by one or a few individuals
employs<100 people. Represent 99.7% of all employers.
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Term
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Definition
| The process of recognizing an oppurtunity, testing it in the market and gathering resources necessary to go into business |
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Definition
| finding a new product or service or improving an exsiting one |
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Term
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Definition
| the possibility of gain or loss |
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Term
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Definition
| people or business that purchase your product or service |
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Term
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Definition
| people have the right to make the economic choices |
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Definition
| the nature and degree of competition among business operating in the same industry |
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Term
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Definition
| money given for charity purposes |
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Term
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Definition
| various educational, medical and vocational traning institutions to provide the less priveleged with the benefits which they normally cannot afford |
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Term
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Definition
| provides money for a specific purpose. Example and orphanage or a sports team |
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Term
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Definition
| programs created to provide the less priveleged with benefits which they normally cannot afford, like helping the blind, orphans, widow etc. |
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