ADM 1100 Study Guide - Midterm Guide: Small Business Financing, Joint Venture, Employee Stock Ownership Plan
22 Oct 2016
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Business: profit seeking activities and enterprises that provide goods and service for clients. Profits: financial rewards for businesspeople who take risks involved to offer goods and services to customers. Not-for-profits: provide public service to clientele, not profits. Capital: money or things that can be converted into money (not natural resources) Entrepreneurship: technology, knowledge and creativeness to create mechanization. Entrepreneur: knowledge and creativity to analyze customers and drive demand. Entrepreneur: how to make relationship with customers and form alliances. R ead and unders tand the information on owners hip s truc tures in c anada (http://www. c anadabus ines s . c a/eng /pag e/2853/ F orms of private bus ines s owners hip : S mall bus ines s : independent bus ines s with < 500 employees , not dominant in its market. H ome-bas ed bus ines s : firm operated from the home of the bus ines s owner.
