Friday
A statistical view of a population, generally including age, gender, income, schooling, occupation etc
What is Demographics?
Any symbol, word or combination thereof used to represent or identify a product. A service mark means the same thing, but identifies a service
what is Trademark?
To offer suggestions about the best course of action to someone
what is Advise?
Technology for managing your company's relationships and interactions with customers and potential customers.
what is to Customer relationship management (CRM)?
Organizing your time intelligently, so you use it more effectively.
What is an Time Management?
A card that allows customers to purchase goods and services with money borrowed from a creditor. The borrower repays the credit card company, often with interest.
what is Credit Card?
A card that allows customers to electronically and immediately withdraw funds from their accounts.
What is Debit Card?
Amount of income remaining after essential bills are paid. It can be used to purchase wanted goods and services.
What is Discretionary Income?
Ability to cover short-term liabilities such as loans, staff wages, bills and taxes. Strong liquidity means there's enough cash to pay off any debt.
what is liquidity?
costs that change over time, such as groceries or movie tickets.
what is Variable expense?
Business cost that remains the same, Such as rent.
what is a Fixed Cost?
Gathering consumer preferences for products and Services.
What is Market Research?
Making a purchase based on an immediate want or due to advertising pressure
What are Impulse Buying?
a prediction or projection of fiscal year expense or revenue.
what is Forecast?
The Movement of the economy from one condition to another, including four phases: Prosperity, Recession, Depression and Recovery.
what is an Business Cycle?
Rules about how Businesses and their employees ought to behave.
what is a Business Ethics?
Speaking or writing in a clear and short way; expressing what needs to be said without unnecessary words.
What are Succinct?
The movement of money in and out of your business. The flow of income into the business should be higher than the flow out (expenses); also called Positive cash flow.
What is Cash flow?
Provide an incentive (a motivation) for using a product or service.
what is an Incentivize?
Initial stages of the sales funnel, where the consumer is looking for answers to a problem that may involve your product or service.
what is an Top Of The Funnel (TOFU)?
Refers to the middle stages of the sales funnel, where your business positions itself as the solution to the consumer’s problem.
What is a Middle Of The Funnel (MOFU)?
Refers to the end stages of the sales funnel, where a consumer is ready to buy.
What is Bottom Of The Funnel (BOFU)?
Skills that represent the way employees act on the job, such as being punctual, treating customers with kindness, working as a team, and dressing appropriately.
What are Soft Skills?
A contract, represented by a policy, in which a policyholder receives financial protection or reimbursement for losses from an insurance company.
what is an Insurance?
The value of the next best alternate given up when a choice is made.
what is the Opportunity Cost?