Accounting
Finance
Marketing
Terms
Starting a Business
100
The accounting equation 
Assets= Liabilities+ Shareholder Equity
100
What should every spending plan have
Goals 
100
4 P's
Product, Price, Place, Promotion
100
People who purchase goods and services 
Consumers 
100
This type of business buys manufactured goods and resells them to consumers 
Retail Store 
200
This account is an owner's financial interest in a business 
An equity
200
Includes paycheck, child support, alimony, investment income, and/or other income 
Source of Income 
200
Stats about age, gender, income, ethnicity, education, occupation...etc
Demographics
200
Items that are enjoyable but not necessary for survival 
Luxury Items 
200
When you borrow money to start-up your business it is known as 
Debt Financing 
300
This account is a debt or obligation of the business 
Liability
300
What credit card companies charge for use of their money
Finance Charges 
300
Which of the 4 P's does distribution fall under 
Place 
300
Quantity of good or service that businesses are willing and able to sell at a particular price 
Supply
300
Banks, trust companies and credit unions are example of this type of institution 
Financial Institutions 
400
Business owned by a single person
Sole proprietorship 
400
What type of purchases should be financed?
Large Purchases
400
Stats about where people live
Geographics 
400
Quantity of a good or service that consumers are willing and able to buy at a particular price
Demand 
400
Name of a person who starts a business 
Entrepreneur 
500
Publicly or Privately owned company that is separate from it's owners 
Corporation
500
Best time to begin saving for retirement 
ASAP
500
What happens to price as demand increases 
Price also increases
500
Quantity of materials or goods that are kept on hand
Inventory 
500
When businesses operate online it is known as 
E-commerce 
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