Operations
Daily business activities
What is operations?
Rules for how a business should behave
What are business ethics?
A written guide for how a business will succeed
What is a business plan?
Promoting and selling products.
What is marketing?
A wealthy individual who invests early in a business
What is an angel investor?
Products a business has on hand
What is inventory?
A business’s duty to help society.
What is social responsibility?
Someone who starts and runs a business
What is an entrepreneur?
Focusing on individual platforms, it prioritizes the customer journey.
What is omnichannel marketing?
Funding a business with your own money.
What is bootstrapping?
Costs needed to start the business.
What are startup costs?
When personal gain interferes with business duties
What is a conflict of interest?
A person who promotes innovative product development and marketing.
Who is an intrapreneur?
Buying and selling online
What is e-commerce?
Raising money online from many people
What is crowdfunding?
Day-to-day expenses
What are operating costs?
Unfair treatment based on personal traits.
What is discrimination in business?
A traditional business serving customers in a building.
What is brick and mortar?
Product, Price, Place, Promotion
What are the 4 Ps?
Taxpayer Identification Number assigned by the federal government.
What is EIN?
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What is Lean Canvas Model?
Someone who reports unethical behavior.
What is a “whistleblower”?
Ownership in a company
What is equity?
Creating a unique identity for a business.
What is branding?
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What is a balance sheet?