Definition
Is a method of your business goals and includes ideas and details on how you think you are going to achieve them.
What is a business plan?
Product, Price, Place, and Promotion
What are the four P's of marketing?
The condition of being an entrepreneur.
What is an entrepreneur?
a 15- to 25-page document acting as a roadmap for a company’s goals, operations, and financial projections
What is a business plan?
when a business’s expenses equal zero because the business has sold exactly enough units to cover its fixed debts and expenses.
What is a break- even point?
A quick, vivid description of your business that you use to describe it to customers, investors, and new employees.
What is a Business pitch?
businesses offering different products or services that satisfy the same customer need or solve the same problem as your business
Who is an indirect competitor?
businesses that sell goods or services directly to end-users
What Is a retailer?
the specific, smallest quantifiable amount or package of a product or service that a business offers to customers.
What is the Unit of sale?
"a legal, federal court process for individuals or businesses unable to repay their debts, providing a "fresh start" by discharging debts or restructuring them under a repayment plan"
What is bankruptcy?
businesses offering identical or very similar products/services to the same target market, competing directly on price, quality, and features
What is a direct competitor?
necessary, consistent business costs that do not change based on production or sales volume
What are fixed operating expenses?
income, especially when of a company or organization and of a substantial nature.
What is a revenue?
Apple,inc; is a _________
What is an example of a corporation?
a specific group of consumers most likely to purchase a company’s products or services, identified by shared characteristics like demographics, behaviors, and needs
What is a Target market?
Costco is a _________
What is an example of a retailer?