Principles of Business Ch. 6

1. a written description of the business idea and how it will be carried out, including all major business activities.
3. someone who takes a risk in starting a business to earn a profit.
4. a business owned and run by just one person.
9. a government agency that helps small business owners develop business plans and obtain financing for their companies.
12. an independent business with fewer than 500 employees.
14. activities provided for the satisfaction of others that are consumed at the same time they are produced.
15. a detailed account of a company's materials, supplies, and finished products.

2. the money needed to pay for the current operating activities of a business.
3. the process of starting, organizing, managing, and assuming the responsibility for a business.
4. the production output in relation to a unit of input, such as a worker.
5. money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
6. an invention or creation that is brand new.
7. money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.
8. things that add comfort and pleasure to your life.
10. the amount of money needed to open the business.
11. a designed change that increases the usefulness of a product, service, or process.
13. things that are required in order to live.