BUSX 201 Lecture Notes - Lecture 5: Small Business Administration, Gross Domestic Product, Debt Management Plan
15 Jun 2019
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Innovation: entrepreneurship generally means offering a new product, applying a new technique or technology, opening a new market, or developing a new form of organization for the purpose of producing or enhancing a product: 2. Running a business: entrepreneurship means setting up a business to make a profit: 3. Risk taking: the term risk means that the outcome of the entrepreneurial venture can"t be known. Entrepreneurs, therefore, are always working under a certain degree of uncertainty, and they can"t know the outcomes of many of the decisions that they have to make. Insurance: outsourcing, sales agents, describe the goods-producing and service-producing sectors of the economy and identify where small businesses are prevalent in the economy, goods-producing sector includes all businesses that produce tangible goods. Type of equipment used; design/layout of facilities: # of employees; # of unit"s products; how will you ensure high quality, marketing, 1.
