FINANCE
Some that a business owns is called an
Asset
Whats a customer
Someone who purchases a good or service from you
Whats a Fixed Cost
Costs a business has that remains the same no matter the volume of production
Whats an employee
someone hired by a company and compensated for their work
CEO stand for
Chief Executive Officer
Whats equity
A form of compensation offered to an employee in addition to a lower salary
Whats customer acquisition cost
The total cost of acquiring a new customer
Whats Hourly Pay
A payment amount provided for employees for the number of hours they worked
What is Crowd funding
Method of starting a business online to pre-sell products
What does CFO stand for
Chief Financial Officer
Whats a Break Even Point
The point where the revenue matches the expenses
Whats Customer Rentention
Strategies to retain existing customer
Whats is Commission
A fee paid to an employee in return for their work
whats a service
an intangible service or skill that's performed
What does COO stand for
Chief Operating Officer
whats a price
the amount of money charger for a good or service
What are Demographics
Demographics are statistical characteristics of a population, like age, gender, income, and education.
Whats an Investor
A person or entity willing to provide monetary funds to a business with the hopes of earning a return
What are royalty fees
fees paid for the use of a brand name or image
What are royalty fees
fee paid for the use of name or image
Whats a Physcographics
Psychographics are characteristics that describe people based on their lifestyles, values, interests, exc.