Business Chapter 5
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one that is independently owned and operated for profit and is not dominant in its field.
a carefully constructed guide for the person starting a business.
a governmental agency that assists, counsels, and protects the interests of small businesses in the United States.
Small Business Administration (SBA)
a group of businesspeople who volunteer their services to small businesses through the SBA.
Service Corps of Retired Executives (SCORE)
groups of senior and graduate sudents in business administration who provide management counseling to small businesses.
small-business institutes (SBIs)
university-based groups that provide individual counseling and practical training to owners of small businesses.
small-business development centers (SBDCs)
money that is invested in small (and sometimes struggling) firms that have the potential to become very successful.
pricately owned firms that provide benture capital to small enterprises that meet their incestment standards.
small-business invesment companies (SBICs)
a license to operate an individually owned business as though it were part of a chain of outlets or stores.
the actual granting of a franchise
an individual or organization granting a franchise.
a person or organization purchasing a franchise.
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