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What are Employability skills?
Skills needed to be effective in any job market and workplace
What is a business plan?
An overview of your business goal and includes details on how you think you are going to achieve them
What is the definition of a whole saler?
sell products in larger volumes (but less than the manufacturer) to the retailer
Whats the definition of retailers?
sells directly to the customer
Whats revune?
The amount of money a business generates from selling goods or services before deducting any expenses
What is a budget?
A budget is an estimate of income and expenditure for a set period of time.
What are the four P's of marketing?
Product, Price, Place, Promotion
What is a Entrepreneur?
someone who starts and runs a business
What is the definition of marketing?
is the art of presenting a business in a way that clearly communicates the value of the product or service
Whats the definition of unit sale?
It's different for every business, and is based on the amount of product or service a customer buys
What is profit
profit is money you earned from your business
Whats the definition of solo proprietorship?
One person running a business
What is Start up capital?
The finances required by a new business to pay for essential fixed and current assets before it can open for business
What is a Corporation?
A business figure that is owned by multiple stockholders and operates as a separate legal entity
Whats target market?
The group of people a business wants to sell to.
What is Break even point?
Even Point-is when a business expenses and sales equal zero because the business has sold exactly enough units to cover its fixed expenses
What is Entrepreneurship?
starting a business based on the needs of your target market or local area
Whats a indirect competitor?
A business that sells a different product or service from yours, but fills the same customer need or want
What is a asset?
money and other valuables belonging to an individual or business
What is a business pitch?
Like a business card, a short description of your business to interest your customers and investors