Marketing
someone who purchases goods and services from a business
what is a customer
an individual who aspires to start and run a successful business
what is entrepreneur
a fixed payment amount provided to a full time employee
what is salary
the amount of money charged for goods or services
what is price
a tangible item
what is product
the method when you share a start up business online
what is crowdfunding
the cost a business has that remains the same no matter the volume of production
what is fixed costs
an individual that owns at least one share in a corporations stock
what is stockholder
the process of coming up with solutions to solve a problem
what is problem solving
a new idea, product, or method
what is innovation
a signed agreement stating that an entity will not disclose information agreed upon by all parties in an arrangement
what is confidentiality agreement
a creative work or invention an individual has been given rights
what is intellectual property
an individual with an interest in a business
stakeholder
the amount of financial gain from a business
what is profit
goods a business owns with the purpose of selling
what is inventory
a term that means cutting all unnecessary expenses and operating a business on as little cash as possible
what is Bootstrapping
the way one approaches new ideas and ventures in their life
what is opportunity recognition
fluctuating costs that a business has depending on production
what is variable cost
a business that takes up its name and characteristics from an existing business chain
what is franchise
an inexpensive preliminary product to test the product idea
what is MVP
a local agency with information on participating local businesses is called what
what is Chamber of commerce
grit
the characteristic of being able to tackle goals with courage and perseverance
an investor who provides funding to a business for a stake In the business in return
angel investor
the amount of money owed to an entity
what is liability
a method used to get a product from the manufacturer to the end users
what is Distribution Channel