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BUS-110-M1D Week 4 Chapter 7 Key Terms

by: Ryan Notetaker

BUS-110-M1D Week 4 Chapter 7 Key Terms BUS-110-M1D

Ryan Notetaker

GPA 4.0

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About this Document

These notes cover the important key terms for Chapter 7 of BUSN9. Service Corps of Retired Executives Small Business Development Centers Angel investors Business plan Entrepreneurs Externa...
Introduction to Business
Leruth M. Sisson
Class Notes
business, Chapter, 7, key, terms, score, SBDCs, Angel, investors, plan, entrepreneurs, external, locus, Of, control, internal, market, Niche, Small, Administration, SBA, development, Centers, service, corps, ofretired, executives, venture, capital, firms
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This 1 page Class Notes was uploaded by Ryan Notetaker on Saturday September 3, 2016. The Class Notes belongs to BUS-110-M1D at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months taught by Leruth M. Sisson in Summer 2016. Since its upload, it has received 8 views. For similar materials see Introduction to Business in Business at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months.


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Date Created: 09/03/16
SCORE: Service Corps of Retired Executives; a corporation, group, etc. that bestows free counseling for small business owners from certified volunteers. Small Business Development Centers (SBDCs)- Local offices that give comprehensive management assistance to all owners of small business. Angel investors- Individuals who buy into start-up companies, but in return get a share of ownership Business plan- a formal document that describes the break-down of a business Entrepreneurs- people who put time, money, etc. into an organization, company, small business External locus of control- powers other than the individual are in control of what happens in their life Internal locus of control- the individual is in control of what happens in their life. Market niche- a small section of a market with fewer contenders; Market niches tend to be quite appealing to small enterprises. Small Business Administration (SBA)- A part of the federal government that conserves and fortifies the nation’s economy by-helping, guiding, obliging, and taking care of the concerns of small businesses. Venture capital firms- Companies that put money into newer businesses a prospective of high growth and in return gain a share of ownership.


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