Finance
What is profit?
The amount of financial gain from a business?
What is marketing?
A form of communication between businesses and customers which relays a message promoting services and/or goods.
What is a Entrepreneur?
An individual who aspires to start and run a successful business.
What is a product?
A tangible item.
What is hourly pay?
A payment provided to employees for the number of hours they worked.
What is a marketing plan?
A written plan that outlines a company's marketing strategies.
What is a business plan?
A document that addresses the concept, customers and capital for a business.
What is Copyright.
A form of protection individuals can implement to protect their intellectual property. Copyright is designed for print, music, film and various other forms of creative licences.
What does it mean to reach the Break-Even Point?
When a business's revenue matches its costs over a given period.
What is a customer?
An individual or business that purchases goods and services from a business.
What is a business opportunity?
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
What is a service?
An intangible service or skill that is preformed
What is Bootstrapping
When a business owner uses their own money to fund their business.
What is a demographic?
Statistical data that refers to particular groups within a population.
What is critical thinking?
Using one's mind to solve a problem in the est way by considering various potential solutions to the problem.
What is a small business?
A corporation, partnership, or solve proprietorship that is privately owned by one individual or a small group of people.
What is Customer Acquisition Cost?
The total cost of acquiring a new customer.
What is a Target Market?
The group of customers a company chooses to market its products and services.
What is opportunity recognition?
The way one approaches new ideas and ventures in their life.