Definitions 1
These formal documents state the goals of the business as wel as the plan for reaching those goals
business plans
The process of determining how much of a product can be produced to meet demand
Capacity Planning
An economic system that allows such freedom of choice and encourages private ownership of the resources required to make and provide goods and services
Capitalism
An agreement between two parties in which an offer is made, the parties agree on the terms, consideration is given, and the offer is accepted.
Contract
A very severe or long recession
Depression
Advertising directed at businesses rather than to consumers
What is Business to Business (B2B) advertising
Capital Budgets
The payment for work performed, consists of financial and non financial payments
Compensation
Defined as a company's obligation to conduct its activities with the aim of achieving social, environmental, and economic development.
Corporate Social Responsibilitiy
The process that makes products available to consumers when and where the consumers want them.
Distribution
Goods or services purchased by businesses for further processing or re-sale or use in facilitating business operations
B2B Products
Investments in the form of money, equipment, supplies, computers, and other tangible things of value.
Capital
A combination of a number of different, perhaps even unrelated, businesses into a single corporation
Conglomeration
a pricing strategy based on cover costs and providing for a set profit.
Cost-based pricing
Where only two suppliers exist in a market.
Duopolies
A market in which individuals purchase goods and services for their personal consumption
Business To Consumer Market (B2C)
Short term budgets that estimate cash in-flows and outflows and predict any cash flow gaps for the business
Cash flow budget
Tracks changes in prices over time by measuring changes in the prices of goods and services that represent the average buying pattern of urban households
CPI (Consumer Price Index)
Occurs when a company borrows money that it is legally obligated to repay, with interest, by a specified time
Debt financing
They assume the risk of creating, organizing, and operating a business and direct all of a business's resources.
An asset that a borrower promises to give a lender if the borrower is unable to repay a loan
Collateral
An economic system in which a state's government makes all economic decisions and controls all the social services and many of the major resources required for the production of goods and services
Communism
Debt securities issued by corporations
Pricing a good or service based on the demand for a product or its perceived value.
Demand-based pricing (Value-based pricing)
A clear and concise (abbreviated) form of the entire business plan.
Executive Summary