Entrepreneurship & Business
Someone who created the business
Entrepreneur
All property from a given properties value (i.e. Houses, stocks, ect)
Assets
Starting money by investors to get the company up and running.
Start-Up Capital
Someone who sells almost the same or same product as you.
Direct Competitor
How much money you make
Revenue
Someone who takes care of a business
Entrepreneurship
Acts as a disadvantage.
Liabilities
You make how much you spend, your profit is $0 total. (if you had $1300 last time, spend that much, and get the same money, you didn't gain or lose in the month time frame.
Break-Even Point
Someone that doesn’t sell your product.
Indirect Competitor
Where your trying to sell your product in the market
Target Market
A plan for the future of a business
Business Plan:
Your max spending or your own limit that you make.
Budget
All capital in business, except the inventors that invested capital.
Working Capital
Sell the product in bulk
Wholesalers
Freebee
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A saying or a campaign of which the business is being advertised
Business Pitch
How much money you make after expensive
Profit
Constant business expenses, always the same.
Fixed Operating Expenses
People that make the product
Manufacturers
What are the four P's of marketing?
Product, Price, Place, Promotion
People working together by a contract or agreement in a business
Partnership
You go into debt/negative money
Bankruptcy
Owned by 1 proprietor
Sole Proprietorship
Sells the product in small amounts
Retailers
Smallest quantity; ____ price
Unit of Sale