Entrepreneurship

1. Type of license that a party acquires to allow them to have access to a business's proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business's name.
3. Is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated.
4. plan A document that describes a new business and a strategy to launch that business.
8. A person who owns part of a business
11. To think freely and creatively in order to generate new ideas.
13. An individual who undertakes the creation, organization and ownership of a business.
15. A market in which there are many buyers but only one seller
16. The branch of social science that deals with the production and distribution and consumption of goods and services and their management
17. Person who starts a business to improve society, rather than earn a huge profit.
20. Lead stock holders (owners) of the corporation who make major decisions as well as hire and fire key officers like the president and executive director.
21. A systematic and structured approach to managing the potential for loss that is related to a threat.

2. This corporation has fewer than 100 shareholders and functions like a partnerships but gives owners additional legal protection.
5. Is the process of starting a business, typically a startup company offering an innovative product, process or service.
6. Businesses with only one owner
7. Business started by more than one person
9. The advantageous quality of being beneficial
10. A share of ownership in a corporation.
12. statement A declaration of the specific aspirations of a company, the major goals for which it will strive.
14. A business owned by stockholders who share in its profits but are not personally responsible for its debts.
18. Articles of commerce
19. A distributions of corporate profits to shareholders