Entrepreneurship

5. A legal process to get out of debt when you can no longer make all your required payments
6. an activity, benefit, or satisfaction offered for sale that is essentially intangible and does not result in the ownership of anything
7. businesses that sell directly to final consumers
9. money and other valuables belonging to an individual or business
10. Unit of Sale is different for every business, and is based on the amount of product or service a customer buys.
13. A plan for making and spending money
16. A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something
18. short term finance required for the day-to-day running of a business
21. a business owned and managed by a single individual
22. income
23. a business owned by two or more people
24. the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return

1. A type of producer that changes the shapes or forms of materials so that they will be useful to customers
2. is a business that sells a different product or service from yours, but fills the same customer need or want.
3. Accepting the risk of starting and running a business.
4. A person who starts up and takes on the risk of a business
5. the point at which the costs of producing a product equal the revenue made from selling the product
8. Capital needed by an entrepreneur to set up a business
11. The operating expenses that a business must pay regardless of how many sales are made.
12. debts that you owe
14. basic skills that are needed to get, keep, and do well at a job
15. A business that is owned by many investors.
17. A written description of the business idea and how it will be carried out, including all major business activities.
19. a set of buyers sharing common needs or characteristics that the company decides to serve
20. a quick description of your business that you use to explain it to customers and investors.