Entrepreneurship Vocabulary

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Across
  1. 1. An independent small business owner who operates a third-party retail outlet called a franchise and has purchased the right to use an existing brand’s trademark, associated brands and other proprietary knowledge
  2. 5. Individuals who purchase items for use including goods and services
  3. 6. A public corporation that can sell stock to an unlimited number of owners
  4. 9. A private corporation with special benefits that are designed to help small businesses
  5. 12. A choice people make between one item or another
  6. 13. A government agency that provides support to entrepreneurs and small businesses
  7. 15. A place where goods are bought and sold
  8. 16. A written document that reveals specific details and planning related to how a new business start-up is going to achieve its goals
  9. 18. A parent company that sells the right to open stores and sell products or services using its brand, expertise and intellectual property
Down
  1. 2. A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors
  2. 3. Someone who takes a risk to start their own business
  3. 4. Control over an enterprise that provides the power to dictate its functions and operations
  4. 7. A business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee
  5. 8. A business owned and operated by one individual
  6. 10. A formal arrangement by two or more parties to manage and operate a business and share its profits and risk of loss
  7. 11. The process of starting a new business or growing your business
  8. 14. An intangible marketing or business concept that helps people identify a company, product, or individual
  9. 16. A part of a brand that cannot be spoken; most commonly a symbol, picture, design, distinctive lettering, color, or a combination of these
  10. 17. A business structure that protects its owners from being personally pursued for repayment of the company’s debts or liabilities
  11. 19. A corporation that operates to accomplish a special mission other than to make a profit (Ex. The American Red Cross)