Miscellaneous
2 types of financing
Debt and Equity
An investor like a friend or family member that gives you money to run your business
Being able to work with others cooperatively and respectfully , mainly being in duos.
Partnership
Duties given from someone, EX. Jobs , lawyer , doctor.
Service
Products are created by these people
Manufacturers
Someone who starts a business and creates opportunities for others
Entrepreneur
A financial gain by selling money.
profit
A business made by one person. This is the easiest form of ownership to begin
Sole Proprietorship
The 4 P's of Marketing
Price, Place, Promotion and Product
Someone who resells an item, and can make a profit.
Retailers
Someone who solves problems within a company
Which Financial Statement shows the "Bottom Line"
Income Statement
A hybrid company that can be easier to run because it combines elements of ownership of small business and also helps in certain aspects of liability
LLC
The 4 Market Segments
Demographics, Psychographics, Geographics and Behavioral
These people buy from producers and usually do business with retailers
Wholesalers
Valuables belonging to a business , such as cars , computers , etc.
Assets
What is it called when you sell part of your company as a round of financing
A business run by a board.
corporation
When a company has a physical store you can shop at this location is referred to as a
Brick-and-Mortar Location
Supply and Demand is largely determined by
Scarcity
A condensed business plan
Which Financial Statement shows Assets, Liabilities and Equity
Balance Sheet
You might start an S-Corp to avoid..
Double Taxation
What is the process of getting a product from creation to the end consumer.
Opportunity Cost