Business
Define Partnership
Working with 2 people or more for a business
Define Profit
Money you made before any expenses
Define Bankruptcy
When you run out of money and can not pay your debts
Define Service
They don't give you a physical item like a product but they do something for you, Like they mow your lawn.
Define Employability Skills
Employability skills is skills that you need in a workplace
Define Start-up Capital
When you have the money and legal licenses to Start a business and start a business.
What is it called If you sell something directly someone?
A.Service
B.Retailers
C.Products
D.Liabilities
B.Retailers
Define Revenue
Money you made before any expenses
As you are the owner of a really big company. You owe money to some people because you bought something from them, what is it called when you them owe something?
It is called liabilities
Define Entrepreneur
Define Direct Competitor
A business who sells similar products and services to your and you are in competiton with them
What are the four P's of marketing?
Product,Price,Place, and Promotion
Define Marketing
Use ads to promote your business or another business
Define Manufacturers
Somebody or a cooperation making a product/or producing a produt
Define Budget
Define Indirect Competitor
They sell different products an services but are still in competition with you
Define Business Pitch
Define Sole Proprietorship
If you own a business but you are only by yourself
Define Business Plan
A Plan your Business To go well
Define Wholesalers
A person or business that sells goods in large quantities