Finance
Marketing Research
Profit
100
Writing a business plan.
What is the first step of creating a business?
100
The process and methods used to gather info about a market.
Define Marketing Research.
100
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
What is profit?
200
Seed Money
"Start Up" money is also known as...
200
A collection of related info about a specific topic.
What is a database?
200
Possible Answer: Monies that must be paid out to continue business.
What is a factor that determines profit? (List one)
300
Debt
Borrowing money that must be paid back over time is known as going into ______
300
When Customer, Employee, and Industrial satisfaction surveys are used to gather information about existing products or services.
What is product research?
300
Expenses
(Fill in the blank) Income-_____=Profit
400
Revenue
The ______ is the amount of money that a business earns in a given period.
400
Informally, or by hiring an outside market company.
How do small businesses typically have marketing research done?
400
Income- Cost of Goods
What is gross profit?
500
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Define credit.
500
What products/services to produce.
What is does research let companies know?
500
Gross profit - operating expenses.
What is net profit?
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