Business Management and Admin
Amount of merchandise on hand at any particular time
What is inventory?
A thing that stands out about a product or service over that of another company
All of the different products and/or services a company makes or sells.
What is a product mix?
A catchy phrase or words that identify a product or business
What is a slogan?
Refers to rising prices and is an indicator of the stability of an economy.
What is inflation?
Products that leave for other countries
What are exports?
Two or more individuals who operate a continuing business for profit.
What is a partnership?
Technique of offering two or more complementary goods or services together as a package deal. Bundled items are sold at a price attractively lower than the total of their individual selling prices
What is product bundling?
The stages that a product goes through in its life: Introduction, Growth, Maturity, and Decline
What is the Product Lifecycle?
An agreement or contract that occurs between two or more parties and establishes a legal obligation. This can also be defined as an exchange of goods or services between a buyer and seller.
What is a transaction?
Implementing a process to make an organization more efficient.
What is streamlining?
A symbol, words, or a phrase officially registered for a company
A package of promotional materials sent to the media to inform them about a product
What is a press kit?
Promotional activities that are designed to create a good image with the public
What is public relations or PR?
Refers to the ability of an organization to meet its financial obligations.
What is solvency?
The order in which authority and power in an organization is delegated from top management to every employee at every level of the organization
A type of financing where the startup offers up a partial ownership stake in the company for money.
What is Venture Capital (VC)?
A small amount of cash kept on hand by a business to cover incidental expenses
What is a petty cash fund?
Advertising that sends a promotional message to a targeted group of prospects and customer rather than a mass audience
A system that monitors an individual, business, or other organization's financial standing. This includes recording and verifying financial information to determine a profit or loss for a given time period as well as the value of assets, liabilities, and owners’ equity
What is accounting?
An asset used for the operating functions of a company
What is business equipment?
A startup company, usually privately-held, which reaches a valuation of over $1 billion
What is a Unicorn startup?
Customer information gathered by a business - such as name, address, phone and purchase history.
What is a customer database?
A financial calculation to determine the profitability returned to the business based on funds spent on communicating with potential customers
The entity that provides available capital resources to debtors, in exchange for compensation
What is a creditor?