bus ch 2 Word Scramble
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| Term | Definition |
| corporation | a legal entity created under state law that has legal rights and obligations separate from its owners |
| demographics | statistical characteristic of human population (such as age or income) used to identify markets |
| economics | pertaining to the economy, or the field of economics (as in "council of economic advisors") |
| entrepreneur | french term for a person who undertakes and develps a new enterprise at some risk of failure or loss |
| fixtures | equipment that is permanently attached |
| partnership | an oral or written agreement in which two or more parties agree to carry on a business each with a ownership |
| risk | those undertaking investments or the production of goods and services for sale cannot know with certainty wether they will recover the outlays needed to conduct these activities |
| scarcity | insufficient supply or amount of something needed, a shortage or goods or services that are needed |
| sector | distinct subset of a market, society, industry, or economy. whose components share similar characteristics. |
| sole proprietorship | a business in which there is a single owner and the owner is the business who is personally liable for business debt |
| venture | a business enterprise involving some risk in expectation of gain |
Created by:
ekawski23
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