ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts
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Course
ESB
Institution
ESB
ESB v.2 Domain 1 Entrepreneurship & Small Business Concepts
B2B
A business-to-business (B2B) commercial transaction between businesses
B2C
A business-to-consumer (B2C) transaction
Brand recognition
The level of familiarity one has with a brand
Business Opportunity
A situation an entrepren...
ESB v.2 Domain 1 Entrepreneurship & Small
Business Concepts
B2B
A business-to-business (B2B) commercial transaction between businesses
B2C
A business-to-consumer (B2C) transaction
Brand recognition
The level of familiarity one has with a brand
Business Opportunity
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable,
profitable business is feasible
Business Plan
A document that addresses the concept, customers, and capital for a business
C Corporation
A C corporation is a legal structure for a corporation in which the owners, or
shareholders, are taxed separately from the entity. C corporations are also subject to
corporate income taxation. The taxing of profits from the business is at both corporate
and personal levels, creating a double taxation situation.
CEO
The Chief Executive Officer (CEO) holds a leadership role within a business. The CEO
oversees a business's operations and resources and makes the major decisions for the
company.
CFO
The Chief Financial Officer (CFO) holds a leadership role within a business. The CFO
oversees a company's finances.
Collaboration
The action of working with one or more people toward a common goal.
Commission
A fee paid to an employee for completing a task.
Compensation
A monetary amount given to employees in return for their work.
Confidentiality Agreement
A signed agreement stating that an entity will not disclose information agreed upon by
all parties in an arrangement.
Contract
An agreement between an employee and a company outlining obligations and terms of
employment.
COO
The Chief Operating Officer (COO) holds a leadership role within a business. The COO
is responsible for overseeing the day-to-day administrative and operational functions of
a business.
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