FINANCE & ACCOUNTING
The budget is: __
What is the amount of money a business plans on spending during the given time.
Define: Marketing
What is a form of communication between businesses and customers which relays a message promoting services and/ or goods.
Define: Innovation
What is a new idea, product or method.
__ is the process of a business proactively ensuring customers are successful and satisfied with its products or services.
What is customer success.
The person that developed or created a company or organization is the __.
What is a Founder
Define: Balance Sheet
What is a document that compares assets to liabilities plus owner's equity
Define: Channel Distribution
What is a method used to get a product from the manufacturer to the end-users.
Define: Forward thinking mentality
What is thinking about planning for the future.
Define: Agent
What is a support team member responsible for handling customer requests.
The individuals that own the business is the __.
What is a Owner
Define: Acquisition Costs
What is cost Incurred by a business
The __ of customers a company chooses to market its products and services.
What is group
Define: Initiative
What is a characteristic in which an individual acts to turn ideas into action.
Define: Canned Response
What is a pre-written template used to answer frequently asked questions or common issues.
Define: Patent
What is the legal method used to protect the invention for a limited time.
Define: Bookstrapping
What is a business owner that uses their own money to fund their business.
Define: Marketing Plan
What is a written plan that outlines a company's marketing strategies.
The process of coming up with __ to solve the problem.
What is a solutions
Define: Proactiveness
What is taking initiative to address potential customer issues before they arise.
Define: Profit
What is the amount of financial gains from a business.
Define: Angel Investor
What is an investor who provides funding to a business for sale in the business return.
Define: Product/Market Fit
What is the stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
Define: Intellectual Property
What is a creative work or invention to which an individual has been given rights.
Define: Customer Support
What is the team and processes that help customers with problems and issues.
Define: Small business
What is a corporation, partnership or sole proprietorship that is privately owned by one individual or group of people.