COMM 1010 : COMM 1010 - Chapter 7 Vocabulary.docx

• School: Dalhousie University
• Department: Commerce
• Course: COMM 1010
• Professor: Mc Larney

Document Summary

Entrepreneurship: accepting the challenge of starting and running a business. Small and medium sized enterprises (smes): refers to all businesses with fewer than. Entrepreneurial team: a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product. Micro-enterprise: a small business defined as having fewer than 5 employees. Incubators: centres that provide hands-on management assistance, education, information, technical and vital business support services, networking resources, financial advice, as well as advice on where to go to seek financial assistance. Business establishment: has at least one paid employee, annual sales of 000, or is incorporated and has filed a federal corporate income tax return at least once in the previous 3 years. Employer business: meets one of the business establishment criteria and usually maintain a payroll of at least one person, possibly the owner.