Business Model Canvas Terms
Solving a problem or a need.
What is the Value Proposition?
Intellectual Capital
What are the non-physical goods that a company owns?
The abbreviation of the term for how much it costs to make a product.
What is COGS?
Owner's Equity Equation
What is Owner's Equity = Assets - Liabilities?
Sole Proprietorship.
What is a company that has one owner and a single owner's equity account?
Category containing Get, Keep, and Grow Customers.
What are Customer Relationships?
Key Partners.
Who are the key partners and suppliers for a company?
The three necessary parts for a chart of accounts.
What is the account name, number, and type?
Net Income Equation.
What is Net Income = Revenues - Expenses
The balance of money due to a firm for goods or services delivered or used, but not yet paid for by the customers.
What is Accounts Receivable?
Category containing Direct sales, Freemium, and Subscription models.
What are Revenue Streams?
Two ways that a company can sell and deliver its product.
What are Physical Channels and Web/ Mobile Channels?
The price of a recorded asset when is bought for $10,000 and then appreciates to $20,000.
What is $10,000?
Par Value Equation.
What is Par Value = Desired Amount Raised / Number of Shares?
Retained Earnings.
What are Earnings, or income, that is retained inside the company instead of being paid out as dividend?
How the company sells and delivers its products to customers.
What are Channels?
Revenue Streams
How does the company make money from each customer segment?
The three stages of a product are under Inventory/Merchandise.
What is raw materials, goods in process, and finished goods?
The Owner's Equity when there is $50,000 in Assets and $20,000 in Liabilities.
What is $30,000?
The balance of money due to a firm for goods or services delivered or used, but not yet paid to the supplier.
What is Accounts Payable?
The buildings, trucks, machinery, etc. that a company owns.
What is Physical Capital?
The three questions discussed in class regarding Cost Structure.
1. What are the most important costs?
2. What are the most expensive resources?
3. What key activities are the most expensive?
The four types of liabilities.
What are accounts payable, wages payable, notes payable, and loans payable?
The par value when a company wants to raise $2,500,000, and the number of shares is 100,000.
What is $25?
Loans Payable
What is the amount of money that is owed to a bank or other financial institution required to pay off a loan?