business 5-1

6. Persons or organizations that agree to provide some funds for a new business in exchange for an ownership interest or stock.
9. An independent agency of the federal government that offers managerial and financial assistance to small businesses.
12. The company that sells a franchise.
13. A license to sell another’s products or to use another’s name in business, or both.

1. The process of creating and managing a business to achieve desired objectives.
2. Entrepreneurs who develop businesses with five or fewer employees.
3. Individuals in large firms who take responsibility for the development of innovations within the larger organization.
4. A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals.
5. The purchaser of a franchise.
7. Individuals who use entrepreneurship to address social problems.
8. An economic model involving the sharing of underutilized resources.
10. The lack of funds to operate a business normally.
11. Any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people.