Money/Finances
Money that is made
What is profit?
A person who owns, manages, and takes on the risks of a business
What is an entrepreneur?
People who sell products directly to consumers
What are retailers?
A business that competes with another business in terms of selling products or making more money
What is a competitor?
When a business or person loses all their money, the point of absolute zero money
What is bankruptcy?
A business owned by two or more people
What is a partnership?
The advertisements and/or activities that are used to promote a company's products/services.
What is marketing?
The total amount of income or gross income made by a business or person
What is revenue?
Expenses that keep a business running and also stay the time even over time.
What are fixed operating expenses?
A business owned by one person
What is sole proprietorship?
The audience or consumers that are targeted by a certain business for optimal sales.
What is the target market?
How much exactly one product sells for in a business
What is unit sale?
A financial plan that considers both income and expenses that is used to make ends meet
What is a budget?
A large business with multiple stockholders, has an organization of employees and employers.
What is a corporation?
The four p's of marketing
What is product, price, place and promotion? (Can be said in any order)
A description of your business to promote it to those who are interested
What is a business pitch?