Entrepreneurship

3. Private startup company valued at over one billion dollars
6. Process of converting assets into cash through business closure
10. Innovation pattern that transforms expensive products into affordable ones
11. Measure of customer continuation in subscription-based models
12. Strategic shift in business model based on market validation
14. Use of borrowed capital to increase potential return on investment
15. Network of organizations involved in delivery of specific products
18. Corporate action where one entity purchases another's ownership stakes
20. Self-funding venture through internal cash flow without external capital

1. Rate at which inventory is converted into sales within period
2. Economic practice of exploiting price differences between markets simultaneously
4. Capability to handle growing demands without adding proportional costs
5. Process of determining a company's intrinsic worth and future potential
7. Organization providing resources to startups in their earliest stages
8. Market structure with single seller controlling entire supply
9. Right to market a company's products in particular territory
13. Business model offering basic services free, charging for advanced features
16. Sustainable competitive advantage protecting market position
17. Payment made for ongoing use of assets or intellectual property
19. Combined effect of merged entities exceeding individual sum