Quiz chap 6 Flashcards Preview

GFOB > Quiz chap 6 > Flashcards

Flashcards in Quiz chap 6 Deck (12):
1

Entrepreneur

risk taker in the private enterprise system

2

classic entrepreneur

person who identifies a business opportunity and allocates avaliable resources to tap that market

3

serial entrepreneur

person who starts one business, runs it, and then starts and runs additional bsuinesses in succession

4

social entrepreneur

perosn who recognizes societal problems and uses business principles to develop innovative solutions

5

lifestyle entrepreneur

person who starts a business to gain flexibility in work hours and control over his or her life

6

seed capital

initial funding used to launch a company

7

debt financing

borrowed funds that entrepreneurs must repay

8

equity financing

funds invested in new ventures in exchange for part ownership

9

venture capitalists

business organizations or groups of individuals that invest in early-stage, high - potential growth companies

10

angel investors

wealthy individuals who invest money directly in new ventures in exchange for equity

11

intrapreneurship

process of promoting innovation within the structure of an existing organization

12

skunkworks

projected initiated by an employee who conceives an idea, convinces top management of its potential, and then recruits human and other resources from within the company to turn that idea into a commercial project