Assignment A

2. existing business, less risky approach to small business ownership
3. trade, a policy of permitting the people of a country to buy and sell where they please, without restrictions
7. entrepreneurs who apply their creativity, vision, and risk-taking within a large corporation, rather than starting a company of their own
8. government agency that helps people start and manage small businesses, advises them in the areas of finance and management, and helps them win federal contracts
11. person who takes the risk of starting and managing a business to make a profit
12. one key element/part of a business plan
13. a 1993 agreement creating a free-trade zone including Canada, Mexico, and the United States
15. rate, price of one country’s currency in terms of another country’s currency
16. one form of business financing where funds raised through the sale of stock (i.e., ownership) in the business
17. benefit of being an entrepreneur or small business owner
18. examples of these types of corporations that do international business include Walmart and Exxon
19. goods and services made in one country and sold to others
20. goods and services that are bought from other countries

1. plan, formal written statement that describes in detail the idea for a new business and how it will be carried out
4. type of personality characterized by a high energy level and willingness to take risks
5. surplus, when a country exports more than it imports and has a favorable balance of trade
6. a tax that makes imported goods more costly, so they are less able to compete with domestic products
9. capitalists, investment firms that specialize in financing small, high-growth companies
10. entrepreneurs who start a series of companies
14. practice of charging a lower price for a product (perhaps below cost) in foreign markets than in the firm’s home market