Entrepreneurship Vocabulary
Entrepreneurship
People/Depts.
Entrepreneurship SALES
General
100

It is a formal document that a job applicant creates to itemize their qualifications for a position.

Resume

100

Known for his "Eureka" moments, this inventor also founded a famous electric car company.

Elon Musk

100

The place where the products/services are exchanged for usually money, where transactions occur; exists both digitally and physically.

Market

100

Why did you join our session today?

(your answer)

200

It is a written document commonly submitted with a job application outlining the applicant's credentials and interest in the open position.

Cover Letter

200

a business that finds, buys and gathers products or services from multiple suppliers and sells them to consumers through various distribution channels with the goal of earning a profit.

Retailers

200

Income, especially when of a company or organization and of a substantial nature.

Revenue

200

 This tech giant started in a dorm room and is now worth over a trillion dollars.

Facebook

300

It is the level of production at which the costs of production equal the revenues for a product.

Break-Even Point

300

This person is essentially a middleman between a manufacturer and a retail establishment. They obtain large quantities of products at a lower price

Wholesalers

300

The unit based on which the product is normally sold. It varies by product and company but is typically smaller than secondary manufacturers.

Unit Of Sale

300

A rivalry between 2 parties

Competition

400

a quantifiable measure of performance over time for a specific objective

Key Performance Indicator (KPI)

400

His net worth is estimated to be at $192B

Jeff Bezos

400

A particular group of consumers at which a product or service is aimed.

Target Market

400

A useful or valuable thing, person, or quality; produces positive economic value.

Assets

500

The capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.

Working Capital

500

How unhealthy is the average life of an entrepreneur?


Entrepreneurs are 50% more likely to report having a mental health condition.

500

A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Corporation

500

A document setting out a business's future objectives and strategies for achieving them.

Business Plan

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