1. accounts payable Liabilities incurred by a business when goods or supplies are purchased on
2. Accounts receivable Claims of a business against its customers for unpaid balances from the sale
of merchandise or the performance of servi
1. business broker: Professionals specializing in business opportunities often can provide leads and
assistance in finding a venture for sale.
2. companys profitability: The amount of net profit a company produces after expenses.
3. Franchise: F
1. appositional relationship A relationship among things and people existing in the world in relation
to other things and other people.
2. creative process The four phases of creative development: background or knowledge
1. advertising model: Generates revenue by selling advertisements against the traffic of the site.
2. affiliate model: Generates revenue by driving traffic, leads, or sales to another, affiliated
3. blog monitoring: Analyzing b
1. accounts receivable financing Short-term financing that involves either the pledge of receivables
as collateral for a loan or the outright sale of receivables. (See also Factoring.)
2. Accredited purchaser A category used in Regulation D that
1. better widget strategies Innovation that encompasses new or existing markets.
2. corridor principle States that with every venture launched, new and unintended opportunities
3. displacement school of thought A school of entrepreneurial
1. Career risk: Whether an entrepreneur will be able to find a job or go back to an old job if his or
her venture fails.
2. code of conduct: A statement of ethical practices or guidelines to which an enterprise adheres.
3. Cognition: It refers t
1. B corporation A legal structure that expands corporate accountability to make
decisions that are good for society, not just shareholders. B corporations
performance standards enable consumers to support businesses that align with
1. Bootlegging is Secretly working on new ideas on company time as well as on personal time.
2. champion within the context of corporate entrepreneurship, this is a person with an innovative
vision and the ability to share it.
3. collective entr
1. Abandonment: Nonuse of a trademark for two consecutive years without justification or a
statement regarding abandonment of the trademark.
2. Bankruptcy: A legal process for insolvent debtors who are unable to pay debts as they become