Entrepreneurship Vocabulary Words
Across
- 3. A recognizable sign, design, or expression that identifies products or services of a particular source.
- 5. Proprietorship: A business owned and operated by one person, which is easy to set up but carries unlimited personal liability.
- 9. A form of intellectual property protection that gives the inventor exclusive rights to a product or process.
- 10. Relations (PR): The professional management of communication to protect and enhance the reputation of a business.
- 12. The process of one company taking ownership of another business.
- 14. A legal entity that is separate from its owners, providing limited liability and having the ability to issue stock.
- 16. Capital (VC): Financing provided by investors to startups and small businesses that are believed to have long-term growth potential.
- 17. The combining of two separate entities into a single new organization.
Down
- 1. The business practice of hiring an external party to perform services or create goods that were traditionally performed in-house.
- 2. Liability Company (LLC): A corporate structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.
- 4. Marketing (MLM): A business strategy in which distributors earn commissions from selling products and recruiting new distributors.
- 6. Valuation: A process used to determine the total economic value of a company and its assets.
- 7. A formal estimate or evaluation of the market value of a business or specific asset.
- 8. Contractor: A person or business that provides goods or services to another entity under a contract, but is not an employee.
- 11. Alliance: A collaborative agreement between two or more firms to pursue a set of agreed-upon goals while remaining independent.
- 13. Venture: A business arrangement where two or more parties collaborate and share ownership, risks, and rewards on a specific project.
- 14. Direct Marketing: A marketing technique that cuts out intermediaries to communicate and sell directly to the end consumer.
- 15. The process of building and utilizing professional relationships to support business growth and opportunities.