Business Basic
The amount of money a business owes
What are Liabilities?
A factory that creates yarn (a product) is an example of what
What is a Manufacturers?
Fill in the blank:
A ________ competitor sells different products but still satisfies the same customer need.
Indirect
in business terms Parternship is
A) A bussines owned by one person
B)The money two people make together
C) A business owned by two or more people
C) A business owned by two or more people
What is Bankruptcy?
The state of a business not having the needed money to pay back debt.
Fill in the Blank
A _______ is a person who sells ______ to customers
Retailers;Directly
Which is NOT one of the Four Ps of Marketing?
A) Price
B) Promotion
C) Passion
D) Place
C) Passion
True or False
Business Pitch is description of your business you use to explain it to others, while a Business plan is an overview for your business goals and how your going to complete them
True
The amount of money someone earns, after all expenses are made. Typically earned from working a job or owning a business.
What is profit?
Which of the following is an example of a fixed expense?
A) Rent
B) Electricity bill
C) Gasoline for delivery
D) Office supplies
A) Rent
True or False:
The target market includes everyone who might see your product.
False – it's the specific group most likely to buy
Fill in the Blank
A corporation is an _______ that follows a ______ purpose and has the rights of an ______ . Owned by multiple _________.
organization;specific;individual;stockholders
Jury decided that she wanted to balance out the amount of income she earns and the expenses she spends for each month.
What could Jury used to help her with that process?
What is a Budget?
Jacob is starting a tech business. He needs to buy equipment and rent space before opening. What kind of capital is this?
What is Start-up-Captial?
A new pizza place opens across the street from another pizza shop. What kind of competitor is the new place?
Direct Competitor
What is Working Capital?
The difference between the company’s assets, , inventories of raw materials,accountable receivable finished goods and its current liabilities (cost)