Module 1 Key Vocabulary

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Module 1 Vocabulary
Module 1 will feature the following words. These words may appear in quizzes
throughout the course.

day-to-day operations (n)

Payday

(https://thenounproj ect.com/search/?

q=day-to-day%20operations&i=3309457)

by Ve ctors Point

(https://thenounproj ect.com/v ectorspoint

) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Day-to-day operations are the things that happen on normal days in a business.
an entrepreneur (n)

Entre pre ne ur

(https://thenounproj ect.com/search/?

q=entrepreneur&i=2264585) by Nithinan

Tatah

(https://thenounproj ect.com/noomtah) via

the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

An entrepreneur is a person who takes an idea and turns it into a successful new
business.

entrepreneurship (n)

Entre pre ne urs hip

(https://thenounproj ect.com/search/?

q=entrepreneurship&i=3317671) by
re m m ache nas re ddine

(https://thenounproj ect.com/remmachen

asreddine) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Entrepreneurship is the making of a new business.

a feature (n)

Fe ature d

(https://thenounproj ect.com/search/?

q=feature&i=1361398) by Cre ative

M ahira

(https://thenounproj ect.com/creativ emah

ira) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A feature is a noticeable or important characteristic or part of a product.

a function (n)
Function

(https://thenounproj ect.com/search/?

q=function&i=3331529) by Nithinan

Tatah

(https://thenounproj ect.com/noomtah) via

the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A function is the way a product works.

a good (n)

"Product"

(https://thenounproj ect.com/search/?

q=a%20product&i=2143875) by Nanda

Ririz

(https://thenounproj ect.com/nandaririz13

/) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A good is a type of product that is tangible.

Innovation (n)

“Innovation

(https://thenounproj ect.com/search/?

q=innov ation&i=2624669) ” by

Iconge e k 26

(https://thenounproj ect.com/kav ya26199

0) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Innovation means a new idea or method.

market research (n)

“M ark e t re s e arch

(https://thenounproj ect.com/search/?

q=market%20research&i=285429) ” by

joe pictos

(https://thenounproj ect.com/j oe.pictos)

via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Market research is the collection and study of information about what

people prefer to buy.

a non-profit (n)

“Non-profit

(https://thenounproj ect.com/search/?

q=non-profit&i=2727770) ” b y M a de by

M a de
(https://thenounproj ect.com/made.some

w here) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A non-profit is an organization, corporation, or company that does not

operate in order to make a profit.

operations (n)

Payday

(https://thenounproj ect.com/search/?

q=day-to-day%20operations&i=3309457)

by Ve ctors Point

(https://thenounproj ect.com/v ectorspoint

) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Operations are activities that happen as part of running a business.

a prototype (n)
“

(https://thenounproj ect.com/v ectorspoint

) Prototyping

(https://thenounproj ect.com/search/?

q=prototype&i=1822932) ” by priyank a

(https://thenounproj ect.com/creativ epriy

anka/) via the Noun

Project
(https://thenounproject
.com/) is licensed
under CC BY
(https://creativecomm
ons.org/licenses/by/4.
0/)

A prototype is the first full-size working version of a product

risk (n)
“risk

(https://thenounproj ect.com/search/?

q=risk&i=3338325) ” b y Sumit

Sa engthong

(https://thenounproj ect.com/j oonj oonzaa

/) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

Risk is the possibility that something bad will happen.

a start-up (n)

(https://thenounproj ect.com/v ectorspoint

) "Start-up"

(https://thenounproj ect.com/search/?

q=business%20start-up%20&i=1650411)

by I Putu Kharis m ayadi

(https://thenounproj ect.com/putukharism

ayadi) via the Noun

Project
(https://thenounproject
.com/) is licensed
under CC BY
(https://creativecomm
ons.org/licenses/by/4.
0/)

A start-up is a new business that did not exist before.

a service (n)

“s e rvice

(https://thenounproj ect.com/search/?

q=serv ices&i=3203706) ” by Adrie n

Coque t

(https://thenounproj ect.com/coquet_adri

en) via the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A service is a type of product that is intangible.

a supplier (n)
“Supplie r

(https://thenounproj ect.com/search/?

q=supplier&i=2973444) ” by dDara

(https://thenounproj ect.com/dDara) via

the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A supplier is a source for goods or services.

tangible (adj)

“touch

(https://thenounproj ect.com/search/?

q=touch&i=1188232) ” by Flore nt B

(https://thenounproj ect.com/floicons/) via

the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY
(https://creativ ecommons.org/licenses/b

y/4.0/)

If something is tangible it can be touched.

a target market (n)

“targe t m ark e t

(https://thenounproj ect.com/search/?

q=target%20market&i=1249058) ” by

De lw ar Hos s ain

(https://thenounproj ect.com/delw ar/) via

the Noun Proje ct

(https://thenounproj ect.com/) is licensed

under CC BY

(https://creativ ecommons.org/licenses/b

y/4.0/)

A target market is the people who are most interested in buying a product.