Ch. 1.2 Vocabulary & Notes

Entrepreneurship

The Entrepreneurial Start-Up Process

Entrepreneurial Start-Up Process

The Entrepreneur

The Environment

The Opportunity

Start-up Resources

New Venture Organization

Specially designed areas of a community that provide tax benefits to new businesses locating there

Enterprise Zones

An idea that has commercial value

Opportunity

Capital Labor Advice Management Facility Equipment Customers

Start-Up Resources

Written plan or infrastructure that organizes the business

New Venture Organization

A business that has stopped operating with a loss financially

Business Failure

When a business begins operating under a new name

Discontinuance

Any technology that is used to communicate or exchange information

Information Technology (IT)

Includes all hardware and software used to support electronic communication

Technology Infrastructure

Doing business over an electronic network

E-business

Selling products and services over the internet

E-commerce