the path a product takes from manufacturer to final consumer
What is Channels of Distribution
100
activities by which a company tries to maintain its good reputation
What is Public relations
100
all business activities used to plan, price, promote, and distribute goods and services to satisfy consumer needs and wants
What is Marketing
100
business owned and operated by one person
What is Sole Proprietorship
200
large group of people born between 1947 and 1965
What Baby Boom Generation
200
the rivalry that exists when 2 or more businesses produce similar goods and services
What is Direct Competition
200
the value of all final goods and services produced in a country in one year
What is GDP (gross domestic product)
200
product, price, place, promotion
What is The 4 P's
200
group of consumers the business wants to reach
What is Target Market
300
a financial statement that shows a company’s assets, liabilities, and net worth on a given date. Assets – Liabilities = Net Worth
What is Balance Sheet
300
the study of statistics relating to population or communities
What is demography (demographics)
300
the financial statement that reports a business’s income and expenses for a fiscal period (Revenues – Cost of Goods Sold = Gross Income – Expenses = Net Income)
What is Income Statement
300
exclusive rights to make, use, or sell an invention
What is Patent
300
one who buys goods and services in order to sell them to other businesses for resale
What is wholesaler
400
the name that identifies the goods and services of one business
What is Brand name
400
a person who organizes, manages, and assumes the risk of starting and operating an enterprise
What is Entrepreneur
400
a rise over time in the price of goods and services
What is Inflation
400
the process of meeting people informally
What is Networking
400
money organizations raise by selling ownership shares in a company
What is stocks
500
money available for investment purposes such as starting a business
What is Capital
500
a type of business in which a person buys the right to use a business name and to sell a product or service
What is Franchise
500
the extent to which shareholders are responsible for a company’s debts
What is Limited liability
500
the difference between what one owns and what one owes
What is Net worth
500
SWOT
What is strengths, weaknesses, opportunities, threats