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Sole Proprietorship - an enterprise that is owned by a single individual.
Specialty Goods - goods that appeal to a large segment of the buying public and are considered "special" enough that the consumer will specifically ask for the product. For instance, if you invented a cigarette that tasted good and was also proven to be good for your health, people would probably ask for the "healthy cigarette" (even if they didn't know the name). The type of product is not the issue, but rather whether the product is "special" enough that the consumers will "seek it out".
Strategic Relationships - an agreement between two or more enterprises to conduct specified business processes in a joint manner. Usually related to technology development and/or marketing and distribution efforts.
Supplies Goods - production support products that will not become a part of the purchaser's end product. Examples are drill bits, machine lubricants, wiping rags, etching chemicals, pencils, paper, paper clips, etc.
Trademark - the name of a product or service that has been legally registered as the property.
Bibliography
1. Belkin, Lisa, The Art of Making a Plan and Making It Happen. - New York Times. December 18, 2006.
2. Jones, Rebecca, Business Plans: Roadmaps for Growth and Success. - Information Outlook. December, 2010.
. Kvint, Vladimir, The Global Emerging Market Strategic Management and Economics. - USA: A Modern Library Chronicles Book 2003. P.98.
. Levi, Maurice D., International Finance The Markets and Financial Management of Multinational Business. Inc. - USA: McGrow-Hill Publishing Company 2006. P.67.
. Pinson, Linda, Anatomy of a Business Plan. - Phoenix Business Journal. September 29, 2008.
. Tiffany, Paul Peterson, Steven D., Business Plans For Dummies. - USA: IDG Books Worldwide, Inc. An International Data Group Company 2003. P.105.
