Business Vocabulary 1
a record or statement of financial expenditure or receipts relating to a particular period or purpose.
Account
document showing a company’s financial position and wealth at a particular time.
Balance Sheet
Broker
a person or organization whose job is to buy and sell shares, currencies, property, insurance etc. for others.
the amount of money coming into and going out of a company, and the timing of these.
Cash flow
A Entrepreneur is?
Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
a list of the subjects to be discussed at a meeting.
Agenda
someone judged to be unable to pay their debts by a court of law, and whose financial affairs are handled by a court official until the debts are settled.
Balance Sheet
Budget
an estimate of income and expenditure for a set period of time.
Commission
an amount of money paid to someone according to the value of goods, services, investments etc. they have sold.
Entrepreneurship focuses on
recognizing a business opportunity, starting a business based on the recognized opportunity, and operating and maintaining that business.
the activity or profession of producing advertisements for commercial products or services.
Advertising
information sent regularly by a bank to a customer, showing the money that has gone into and out of their account over a particular period.
Bank statement
Brainstorming
produce an idea or way of solving a problem by holding a spontaneous group discussion.
Sole Proprietorship
is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
What are the four types of entrepreneurship?
Business, Social, Serial, Lifestyle
a formal, usually written, request for something or for permission to do something.
Application
an offer to buy something, for example, a company in a takeover, or the price offered.
Bid
Business Plan
a document setting out a business's future objectives and strategies for achieving them.
Partnership
A partnership is a single business where two or more people share ownership. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business.
What are the 5 characteristics of a good team member?
Commitment, Competency, Communication, Cooperation and Creativity
something belonging to an individual or a business that has value or the power to earn money.
Asset
a name given to a product or group of products by a company for easy recognition.
Brand
Capital
wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Corporation
A corporation (sometimes referred to as a C corporation) is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs.
List 6 types of entrepreneur businesses
Manufacturing, Wholesaling, Retailing, Service, Green, and Social