Competitive Market

A business's attempt to get customers in the face of other businesses' selling the same or similar products called competition.

Impacts Entrepreneurs Have On Society

• They recognize consumer wants and see opportunities to satisfy them.

• They provide jobs.

• Some change society and the way we live. (i.e. the personal computer)

Networking

1. the action or process of interacting with others to exchange information and develop professional or social contacts.

   "the skills of networking, bargaining, and negotiation"

2. the linking of computers to allow them to operate interactively.

   "the demand for wireless networking is increasing rapidly"

Outsourcing

obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.

"outsourcing components from other countries"

Subcontracting

employ a business or person outside one's company to do (work) as part of a larger project.