Finance
What is the definition of Price?
The amount of money charged for goods or services
What is Marketing?
A form of communication between businesses and customers which relays a message promoting services and/or goods
What is a CEO?
The Chief Executive Officer (CEO) holds a leadership role within a business. They oversee a business's operations and resources and make the major decisions for the company.
What is a Lean Canvas?
A Lean Canvas is a one page document discussing key information commonly seen in a business plan
Is problem solving a type of entrepreneurial Mindset?
Yes
What are Fixed Costs?
Costs a business has that remain the same no matter the volume of production
What is a Marketing Plan?
A written plan that outlines a company's marketing strategies
What is an employee?
An individual hired by a company and compensated for their work?
What is a Pitch Deck?
A presentation given to potential investors to provide a brief overview of the business plan to earn another meeting
Using one's mind to solve a problem in the best way by considering various potential solutions to the problem
What are Operating Costs?
The expenses incurred for running day to day tasks in a business
What does it mean to have a Target Market?
To have the group of customers a company chooses to market its product and services.
What is a customer?
An individual or business that purchases goods and services from a business.
What is a Prototype?
A preliminary product, commonly a product with minimum viability, from which to test and develop
What is Risk Tolerance?
The level of willingness to lose time and money when starting a business
What is the meaning of Acquisition Costs?
What is Business Plan?
A document that addresses the concept, customers, and capital for a business
What is a CFO?
The Chief Financial Officer (CFO) oversees a company's finances.
What is Innovation?
A new idea, product, or method
What is Self Reliance?
Trusting one's self, goals, and progress.
What are Customer Acquisition Costs?
The total cost of acquiring a new customer
What are Demographics?
Statistical data that refers to particular groups within a population
What is a COO?
The Chief Operating Officer, (COO) is responsible for overseeing the day to day administrative and operational functions of a business.
What is Distribution Channel?
A method used to get a product from the manufacturer to the end-users
What is the overall Growth Mindset?
Believing that one can accomplish anything with hard work.