BUS 201 Chapter Notes - Chapter 4: Canadian Business, Limited Liability, Preferred Stock
22 Sep 2016
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To de ne a small business: the number of people it employs, sales revenues, save of the investment required, type of ownership structure. Small business: an owner managed business with fewer than 100 employees or an independently owned and managed business that does not dominate its market. Entrepreneurship: the process of identifying an opportunity in the marketplace and accessing the resources needed to capitalize on it. Entrepreneur: a business person who accepts both the ricks and the opportunities involved in creating and operating a new business venture. Intrapreneurs: people who create something new within an existing large rm or organization. The role of small business and new business in the canadian. Small businesses: lead the way in innovations and new technology, account for 30 percent of canadian gdp, private sector: the part of the economy made up of companies and organizations not owned or controlled by the government.
