Marketing
The financial obligations a business has
What is a Liability?
The perception that comes to mind when people think of an individual, business, program, and organization.
What is Brand?
A list of products or goods that are ready or will be ready for sale to customers
What is the Inventory?
A share of ownership in a corporation.
What is a Stock?
Involves packaging two or more similar products together and selling them at a single price that is lower than if the customers purchase the items separately.
What is Product Bundling?
Process where the company develops various marketing techniques as well as sales strategies to reach the widest possible customer base. The channels are nothing but ways or outlets to market and sell products.
What is Channel Management?
An economic principle that states that the quantity of a good or service that people will buy varies inversely with the price of the good or service
What is the Law of Demand?
The legal right given to a creator of a work of art (article, song, video, etc.) to exclusively authorize their product
What is a Copyright?
The person responsible for the firm's overall performance.
Who is the Chief Executive Officer (CEO)?
Possible events or situations that directly influence a company's cash flow. Can be external or internal.
What are Financial Risks?
What are the 4 P's of Marketing?
What is Product, Place, Price, Promotion?
Trade-offs that occur when you choose one alternative over another; they are impossible to avoid
What is Opportunity Cost?
A measure of output per unit of input
What is Efficiency?
Business owned and usually operated by one person who is responsible for all of its debts.
What is Sole Proprietorship?
The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business devision making. Deals with people, processes, and practices, not just hardware and software.
What is Information Management?
The physical and social characteristics of a population
What is Demographics?
The costs or expenses involved in setting up a business.
What is the Start Up Costs?
An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.
What is Laissez-Faire Economics?
The union of two companies to form a single new business.
What is a Merger?
Sales technique in which salesperson suggests a higher priced product than the one that the customer originally requests
What is Up-Selling?
The process of planning, staffing, leading, and organizing the employees of a business
What is Human Resources Management?
A financial statement showing the revenue and expenses for a fiscal period.
What is an Income Statement?
The process of planning, designing, developing, maintaining and improving a product or service through all stages of its life cycle in response to the market opportunities.
What is Product/Service Management?
A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time.
What is a Balance Sheet?
Documents that grant permission to operate a business
What are Business Licenses?