Chapter 6 Voc.

3. team/ 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
6. Entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle.
7. Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.
12. A U.S. government agency that advises ans assists small businesses.
13. People with unsatisfied wants and needs who have both the resources and the willingness to buy.
14. A program through which private investment companies licensed by the Small Business Administration lend money to small businesses.

1. Marketing/ an internet-based marketing strategy in which a business rewards individuals or other businesses for each visitor or customer the affiliate sends to its web site.
2. Accepting the risk of starting and running a business
4. Centers that offer new businesses low-cost offices with basic business services.
5. A detailed written statement that describes the nature of the business
8. Zones/ Specific geographic areas to which governments try to attract private business investment by offering lower taxes and government support.
9. Creative people who work as entrepreneurs within corporations.
10. A business that is independently owned and operated.
11. An SBA office with volunteers from industry, trade associations, and education who counsel small businesses at no cost.