Entrepreneurship I (Unit 1)

3. combinating several business units or different companies into a single, larger organization
4. an established set of rules; Standards and rules that dictate how laws will be enforced
8. the process by which businesses or other organizations develop international influence or start operating on an international scale.
11. a new method, idea, or product
12. Viewing things in an unbiased manner;
13. The customary code of polite behavior in society or among members of a particular profession or group
15. a manager within a company who promotes innovative product development and marketing.
19. two individual businesses that combine to form one organization
20. franchise an arrangement in which a parent company, or franchiser, distributes its products or services through independently owned outlets
21. proprietorship a business owned and managed by a single individual

1. A business owned by stockholders who share in its profits but are not personally responsible for its debts
2. Expose (someone or something valued) to danger, harm, or loss or factors that may lower profits or lead the company to fail
5. business owner A business that employs 500 or fewer people
6. trade-name franchise franchise arrangement based on an independent sales relationship between a franchisor and franchisee to stock and sell a specific line of goods; also known as dealership or exclusive distributorship
7. Combination of two or more companies into a single firm
9. - liability corporation A business organization in which the business (not the owner) is liable for the company's debts
10. An individual who creates a new business bearing most of the risks and enjoying most of the rewards
14. "an individual responsible for the coordination of resources to
16. an organization’s goals"
17. moral principles that govern a person's behavior or the conducting of an activity
18. A business established or operated under an authorization to sell or distribute a company's goods or services in a particular area