How does the US Small Business Administration define entrepreneur quizlet?

How does the US Small Business Administration define entrepreneur? a person who organizes and manages a business undertaking and assuming the risk for the sake of profit.

What differentiates an entrepreneur from a small business owner quizlet?

What distinguishes an entrepreneur from a small business owner or manager? Entrepreneurship is more innovative, risky, has an uneven flow of income, and income comes very quickly within 5 years. Small business is the opposite of all of this.

What is the difference between producers and manufacturers quizlet?

Producers are businesses that create goods and services. Manufacturers are producers that use raw materials from other producers and convert them into finished goods.

What is the Small Business Administration SBA quizlet?

Small Business Administration (SBA) governmental agency that assists, counsels, and protects the interests of small businesses in the United States.

What makes a person an entrepreneur quizlet?

An entrepreneur is a person who recognizes a business opportunity and organizes, manages, and assumes the risks of starting and operating a business. … Being the boss, doing what you enjoy, having the opportunity to be creative, building an enterprise, and developing your own schedule.

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What differentiates an entrepreneur from a small business owner?

Entrepreneurs tend to be classified as those who take on high-growth, high-risk innovations while small business owners oversee an established business with an established product and customer base.

How does US Small Business Administration define entrepreneur?

How does the US Small Business Administration define entrepreneur? a person who organizes and manages a business undertaking and assuming the risk for the sake of profit.

Which is an example of a service business quizlet?

An example of Service Businesses is marketing, like wholesalers and retailers.

What is a producer quizlet business?

Producer. – a business that gathers raw goods. – agriculture, mining, fishing, forestry. Processor. – changes raw materials into more finished products.

What is the role of the Small Business Administration quizlet?

The mission of the Small Business Administration is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters”.

What is the role of the Small Business Administration?

SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, preserve free competitive enterprise and maintain and strengthen the overall economy of our nation.

What is the function of the SBA small business Development Center quizlet?

The SBA promotes small business development, helps businesses secure government contracts, and provides assistance and advice on how small businesses can increase revenues and profits. A volunteer organization in which retired business executives share their business experience with small business owners.

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