Ch6 Key Terms

3. Entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do thekind of work they want to do, and offers them a balanced lifestyle
7. Accepting the risk of starting and running a business
8. AN SBA office with volunteers from industry, trade associations, and education who counsel small businesses at no cost (except for expenses)
12. Individuals or companies that invest in new businesses in exchange for partial ownershipof those businesses
13. Creative people who work as entrepreneurs within corporations
14. centers that offer new businesses low-cost offices with basic business services

1. A program through which private investment companies licensed by the Small Business Administration lend money to small businesses
2. A U.S. government agency that advises and asists small businesses by providing management training and financial advice and loans
4. A group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product
5. Specific geographic areas to which governments try to attract private business investment by offering lower taxes and government support
6. An Internet-based marketing strategy in which a business rewards individuals or other businesses(affiliates) for each visitor or customer the affiliate sends to its Web site
9. A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size(set by the Small Business Administration) in terms of employees or annual receipts/
10. People with unsatisfied wants and needs who have both the resources and the willingness to buy
11. A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s)