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Unit 6 Lessons 1 & 2 DEFINITIONS Part 1


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a distribution channel
a way of sending goods from the manufacturer to the customer
a temping agency
a business that provides a service for people or companies by supplying temporary staff
start-up costs
the costs involved in setting up a business
raw materials
substances such as coal or iron that are in their natural state before being changed by chemical processes
equity finance
the process of raising capital through the sale of shares in an enterprise
a grant
an amount of money given to someone, especially by the government, for a particular purpose
an overdraft
the permission to have a negative balance in your bank account
self-funding
assuming full responsibility for funding a project or a business
bootstrapping
launching and building a business with little capital and no funding from outside sources
expertise
special skill or knowledge that you get from experience, training, or study