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Entrepreneurship Vocabulary 2026 | Key Terms, Definitions, Study Guide, Practice Questions, Answers & Exam Review

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Build a strong foundation in entrepreneurship vocabulary with key terms and definitions covering business startups, opportunity recognition, innovation, business planning, entrepreneurial skills, small business management, and core business concepts. Includes study notes, practice questions, answers, and detailed rationales to support effective entrepreneurship exam preparation.

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Entrepreneurship
Vocabulary 2026 | Key
Terms, Definitions, Study
Guide, Practice Questions,
Answers & Exam Review




Updated Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales
Included

, Competition The rivalry among businesses for consumer dollars




Investment The amount of money a person puts into his or her business as capitol




Captiol The buildings, equipment, tools, and other good needed to produce a product or the
money used to buy these items.




Role Model A person with attitudes and achievements that others wish to aquire




Foundation Skills The skills used in all jobs and when setting up and running a business




Profile A person with a record of success




Acheiver A company that conducts business by means of the internet




Online Business A set of characteristics or qualities that identifies a type or category of person




Services Intangible products that satisfy consumers' wants and needs




Outsourcing Hiring people and other companies to handle tasks a business can not do or
chooses not to do



Strategic Allience A partnership formed among two or more companies




Corporate venture A new venture started inside a larger corporation

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