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Key Terms Quiz
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Match the following terms and definitions
1


An Internet-based marketing strategy in which a business rewards individuals or other businesses (affiliates) for each visitor or customer the affiliate sends to its Web site.

2


Private individuals who invest their own money in potentially hot new companies before they go public.

3


Has at least one paid employee, annual sales revenue of $30,000, or is incorporated and has filed a federal corporate income tax return at least once in the previous three years.

4


A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s).

5


Meets one of the business establishment criteria and usually maintains a payroll of at least one person, possibly the owner.

6


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.

7


Accepting the challenge of starting and running a business.

8


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.

9


Creative people who work as entrepreneurs within corporations.

10


People with unsatisfied wants and needs who have both the resources and the willingness to buy.

11


A small business defined as having fewer than five employees.

12


Small-business owners with fewer than five employees who are willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle.

13


Refers to all businesses with fewer than 500 employees.

14


A business that is independently owned and operated, is not dominant in its field, and meets certain standards of size in terms of employees or annual revenues.

15


Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.

A)small business
B)market
C)venture capitalists (VCs)
D)business establishment
E)entrepreneurial team
F)Affiliate marketing
G)employer business
H)micro-enterprise
I)small and medium-sized enterprises (SMEs)
J)angel investors
K)entrepreneurship
L)incubators
M)intrapreneurs
N)micropreneurs
O)business plan







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