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ESB v.2 Domain 1 Entrepreneurship &Small Business Concepts 100% Solved
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ESB v.2 Domain 1 Entrepreneurship &Small Business Concepts 100% Solved
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ESB v.2 Domain 1 Entrepreneurship &Small Business Concepts 100% Solved
B2B ✔✔A business-to-business (B2B) commercial transaction between businesses
Small Business ✔✔A corporation, partnership, or sole proprietorship that is privately owned by
one individual or a small group of people. They commonly have fewer employees and revenue
than larger-sized businesses.
U.S. SBA "small business" ✔✔$35.5 Million or less in sales and 1,500 or less employees
Sole Proprietorship ✔✔A type of business structure with a single owner. The business is not
shielded from any amount of liability.
, Stakeholder ✔✔An individual with an interest in a business.
Stockholder ✔✔An individual that owns at least one share in a corporation's stock.
Trade Secret ✔✔A practice used by businesses to protect a practice, process, or formula from
being shared with other competitors.
Trademark ✔✔A practice used to protect brand names, logos, and business names.
Value Proposition ✔✔A promise of value that a company makes about their product or service
that makes it attractive to customers.
E-commerce ✔✔selling items over the internet
Tax Exemption Certificate ✔✔Certificate used in a B2B transaction stating that the buyer is
reselling the goods and that is why the purchase is tax exempt
Design Thinking ✔✔A learning process focused on customers and their needs. Used to develop
user-friendly products.
Network Marketing ✔✔Network marketers recruit other marketers who work under them to
create a distributor network. They get a portion of the sales commission by the distributors who
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