business basics
This document outlines a company’s goals and how it plans to achieve them.
business plan
A logo, slogan, and color scheme are all part of this.
Brand
Money spent to operate a business, such as rent or utilities.
expenses
This company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne.
apple
A group of people working together toward a common goal.
Team
This document outlines a company’s goals and how it plans to achieve them.
planning
The group of customers a business wants to reach most.
target market
A plan for how money will be earned and spent.
budget
Elon Musk is the CEO of this electric car company.
tesla
This leadership style involves giving employees freedom to make decisions.
Democratic leadership
This term refers to money a business earns before expenses are deducted.
revenue
The “4 Ps” of marketing include product, price, place, and this.
promotion
This financial statement shows a company’s income and expenses over time.
income statement
This fast-food chain is known for its golden arches.
Mcdonalds
Feedback given to help employees improve performance.
Constructive feedback
A business owned and run by one person.
Sole proprietorship
Marketing that uses platforms like Instagram, TikTok, and Facebook.
social media marketing
The point where total revenue equals total costs.
Break-even
Jeff Bezos founded this online retail giant.
Amazon
The ability to understand and manage your own emotions and others’.
Emotional intelligence
The difference between total revenue and total expenses.
profit
The way customers perceive a brand compared to competitors.
brand positioning
The percentage showing how much profit is made from sales.
profit margin
This entrepreneur founded Microsoft.
Bill gates
A disagreement between employees or teams.
conflict