Chapter 6 Key Terms

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Across
  1. 3. group of experienced people who join as a managerial team to create and sell a product
  2. 4. individuals/companies that invest, in exchange for partial ownership, in new businesses they think will prosper
  3. 5. a detailed written statement on the nature of the business, its target market, and other important information
  4. 7. entrepreneurs who accept the risk of starting and managing a business that will always remain small
  5. 8. an independently owned business that is not dominant in its market and meets the SBA standards of size
  6. 10. geographic areas where the government try to attract private business investment by offering lower tax rates and other incentives
  7. 11. and SBA office with volunteers who have business knowledge volunteer to counsel small businesses for free
  8. 13. Internet strategy; a business rewards individuals/affiliates for each visitor/customer the affiliate sends to its Website
  9. 14. creative people who work for corporations as entrepreneurs
Down
  1. 1. accepting the risks of starting and running a business
  2. 2. a program in which private companies, licensed by the SBA, lend money to small businesses
  3. 6. a US government agency that advises and assists small businesses
  4. 9. centers that offer new businesses office space and basic services
  5. 12. people with the resources and unsatisfied needs/wants and willingness to buy a product