Basics of Business
A person who starts and grows their own business
Who is a Entrepreneur?
A point where a business is unable to purchase or afford anything for their business
What is Bankruptcy?
Things that are needed for a business
What are Assets?
Mark is starting a business that is only for people that are over the age of 65. People that are over 65 are Mark's what?
What is a Target Market?
An estimate of income and expenditure for a specific period of time
What is a Budget?
Presenting a business in a way that clearly communicates the value of the product or service
What is Marketing?
When a business is at the point where their business’s expenses and sales equal zero because the business has sold exactly enough units to cover its fixed expenses
What is a Break-Even Point?
Abby started a kids jump rope business 2 months ago, There's another business that sells the same thing. That business is called a what to Abby's business?
What is a Direct Competitor?
A business that is shared between to individuals
What is a Partnership?
When a business does a task for pay instead of selling a product
What is a Service?
A singular business entity that is often ran by plenty stockholders and operates as a separate legal entity
What is a Corporation?
Robert turns raw iron into motorcycles at his new job. What is the name of Robert's job?
What is a Manufacturer?
Helps map out of your business goals and includes details on how you wish to fulfill them
What is a Business Plan?
Business that sale different products or services but to the same audience and often solves the same problem
What is an Indirect Competitor?
A business that's ran by one individual
What is a Sole Proprietorship?
The price of Makayla's new robe is 20.99, it's sold at Walmart, and is promoted on Facebook. What has Makayla completed for her Business?
What are The Four P's?