Business
These are the transferrable skills that are needed for a person to get a job. What is this?
Employability skills
What is the main goal for entrepreneurs? A- Make Profit ,B- Make clothes, C- Own Business
A- The main goal is to earn a profit from their business.
What is the advantage of a good break-even point in a business?
The advantage of the break-even point is that you are able to cover all of your business expenses without losing or making any money.
A condition under which a person or corporation is declared to be unable to pay the debt is...
Bankruptcy
what are the four P's of marketing?
Product, price, place, and promotion
What is the meaning of assets?
Assets are the valuable and useful things that an individual, company, or country owns or controls.
The act of assisting a person or providing the customer with _________.
Service
What is the definition of indirect competitor?
Indirect Competitor is when two companies are producing for the same customers with different products.
What is important for an entrepreneur to do to promote their products to the customer, and deliver their message?
Marketing a products is a way to promote and sell your products to the customer.
When starting a business, it is important for the owner to plan out their spending, depending on what they might want the result to be. This is called...
Budget
"As a new business owner, I am responsible for paying off all of my deaths from starting this business. I also have accountability for all the bills and the payment for my store."what might this person be doing?
Liabilities- Being responsible for paying for financial deaths that a person or company owes to someone else.
What are the negative effects of direct competitors?
The negative effects of direct competitors are that there is a constant competition between the prices and the production of products.
What is the definition of manufacturer?
A person or company that produces something to sell.
A documented paper that included all the strategies and goals of starting a new business This is also known as...
Business plan
What is the difference between a corporation and a company?
Corporations are owned by multiple people and can have the ability to exchange ownership easily . They are people who also share the same common ideas. While a company is more towards its own individual owner, managing their production and having all the ownership to themselves.
A business owned by one person is called...
Sole proprietorship
How does business pitch work in the work field?
A business pitch works by presentation about new business ideas that is shown to a group of people to eventually make them come true to help the business grow.
Partnership is when there is a financial share between two or more people in business. Why might a business owner partnership with another business?
The partners can share information, have access to information which they might not have access to, and help with their production, allowing more financial stability.
From the words bellow, which one correctly defines start up capital? A-Paying, b- Business, c- Debt
A -Paying