vocab
What is a Executive Summary?
highlights proposed business and financial data
What is a business plan?
Supporting documents
what is the economy?
the methods of managing wealth and resources
what is price?
wide range of functions and strategies
What is product?
researching and creating product designs
What is a Financial Plan?
includes sources of capital and projected income
What's executive summary?
a written account that gives an overview of the main points
What are the economic factors?
Supply and demand, Interest rates
What is basic pricing?
determining a suggested retail price
What is basic product decisions?
Branding or product names
What is Business Description and Analysis?
includes details such as business type
What's description & Analysis?
detailed examination of a topic.
What are the 3 economic systems?
market, demand, and mixed
What is a psychological variable?
the perception of status or luxury
What is customer application?
customers buying benefit's not products
What is Supporting Documents?
includes business communication documents
What's a business philosophy?
any company serves as its blueprint for operation.
What is are market economy?
the decision's regarding economic activities
What is one strategy of price?
calculating markup percentage
What is marketing mix?
appearance, quality, or branding.
What is Organization and Marketing Plan?
includes details concerning proposed organization
What is self analysis?
describing details concerning the business
What is the command economy?
government ownership of productions
What is price customer application?
the customers understanding of the value.
What happens to outdated products?
updating, improving or eliminating the product