Ch.3- Enterprise, business growth and size Flashcards

1
Q

Entrepreneur

A

An individual who has an idea for a new business and takes the financial risk of starting up and managing it.

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2
Q

Business Plan

A

A detailed written document outlining the purpose and aims of a business which is often used to persuade lenders or investors to finance a business proposal

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3
Q

Revenue

A

The amount a business earns from the sale of its products

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4
Q

Business start-up

A

A newly formed business. They usually start small, but some might grow to become bigger.

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