Vocabulary
A person who organizes, manages, and assumes the risks of a business or enterprise
Entrepreneur
A social issue is a problem that affects many people within a society
True
What you are selling
Product
The (R) represents what word in the profit formula
Revenue
Revenue Streams are what
Money coming in
Social Entrepreneur
If some does not buy from you, can they have an impact on your sales?
YES
What your customer pays for your product
Price
The (E) represents what word in the profit formula
Expenses
A visual tool to help you plan and organize the parts of your business
What is a Business Model Canvas
Things that it takes to start and maintain your business are part of your business's what on the Business Model Canvas
Cost structure
At what age can you become an entrepreneur
Any
Where your customers buy your products
Place
The (P) represents what word in the profit formula
Profit
Name a Key Partner to your business:
CEOs of Tomorrow, School
Revenue
Traditional entrepreneurs only care about what ?
Making money.
What makes your product special?
Promotion
Revenue minus what
Expenses
Value Proposition: Identify 2 things that make your business special
Donating to a social issue
They are made by kids!
The money that remains after paying all expenses.
Profit
Social entrepreneurs do not have to donate profits to be social entrepreneurs
True
The act of getting potential customers excited about your product or service.
Marketing
What is the complete profit formula
Revenue - Expenses = Profit
What is the Block in the BMC that can show you how customers get their products?
Channels