REVIEW TERMS

CHAPTER 1

Market Niche

Venture

Entrepreneur

Need

Want

Profit

Non-profit

Goods and Services

E-Commerce/ Virtual Business

Demographics

Downsizing

Supply and Demand

Intraprenurship

Entrepreneurship means to “undertake”

Entrepreneurship is “seeing opportunities’

An Enterprising Person is one who has many of the same characteristics of an Entrepreneur but have not assumes the risk or has chosen to create change in other ways.