Ch 4 Vocabulary - WORDS DEFINITION SENTENCE Entrepreneur Someone who organizes\/runs a business When I get older I want to become an entrepreneur

Ch 4 Vocabulary - WORDS DEFINITION SENTENCE...

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WORDS DEFINITION SENTENCE PICTURE Entrepreneur Someone who organizes/runs a business. When I get older, I want to become an entrepreneur and start my own family business. Start-up Cost are the expenses involved in going into business. The start-up cost of going into a business would be very high, because of the equipment I will need. Lease is a contract used for a specified period of time. My auntie recently closed the lease for her house since she moved off island. Goodwill loyalty of existing customers. Although my auntie sold her business, her goodwil l customers still buy her product. Market Outlook potential for future sales, may have changed. I hope the market outlook helps me in the future with good sells. Franchise is the legal right to sell a company’s goods and service in a particular area. My auntie and uncle made a franchise with stores such as payless, and they sold their homemade popcorn.

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