MONEY
An employee who receives payment after completing a sale
COMMISION
WALMART AND TARGET ARE ____________ COMPETITORS.
DIRECT
WHAT IS THE ACRONYM FOR CHIEF FINANCIAL OFFICER?
CFO
QUALITIES THAT SEPARATE YOU FROM YOUR COMPETITORS.
STRENGTH
BUSINESS -TO- BUSINESS, WHICH IS A COMMERCIAL EXCHANGE BETWEEN TWO BUSINESSES.
WHAT IS THE ACRONYM FOR BUSINESS-TO-BUSINESS?
B2B
You need to create an Operating Budget for your business. Your financial information for the month is as follows:
Labor $1,000 Materials $4,000 Utilities $400 Rent $700 Insurance $150
WHAT IS YOUR MONTHLY OPERATING BUDGET?
$6,250
PUBLIX IS CLASSIFIED AS A
RETAILER
PERSON WHO OVERSEES THE DAY TO DAY OPERATIONS
CHIEF OPERATING OFFICER (COO)
EMERGING COMPETITORS
THREAT
This segment describes where customers are located and how they can be reached
GEOGRAPHIC
WHICH CALCULATION DO YOU USE TO KNOW THE GAIN OR LOSS GENERATED ON AN INVESTMENT, TYPICALLY EXPRESSED AS A PERCENTAGE?
RETURN OF INVESTMENT (ROI)
YOU OWN AN E-COMMERCE WEBSITE WHERE CUSTOMERS CAN PURCHASE THE JEWELRY THAT YOU MAKE.
WHAT TYPE OF SALES CHANNEL ARE YOU USING?
DIRECT-TO-CONSUMER
HIGHEST RANKING EXECUTIVE IN THE COMPANY
CHIEF EXECUTIVE OFFICER (CEO)
EMERGING NEED FOR YOUR PRODUCTS OR SERVICES
OPPORTUNITIES
YOU NEED MONEY FOR YOUR START-UP COMPANY. YOU HAVE A FEW POTENTIAL IDEAS FOR YOUR BUSINESS. YOU ARE "SEEKING" MENTORSHIP AND ARE WILLING TO GIVE UP SOME EQUITY IN YOUR COMPANY.
WHAT TYPE OF FUNDING SHOULD YOU SEEK?
ANGEL INVESTOR
YOU OWN A SHOE BUSINESS. LABOR IS $20 MATERIALS ARE $60 AND YOUR PROFIT MARGIN IS 30%. WHAT IS YOUR SELLING PRICE?
$104
YOU NEED TO CREATE A LEGAL STRUCTURE FOR YOUR SMALL BUSINESS. YOU WORK ALONE, DO NOT PLAN TO SELL STOCK, AND NEED TO PROTECT YOUR PERSONAL PROPERTY.
WHAT LEGAL STRUCTURE SHOULD YOU SET UP FOR YOUR BUSINESS?
LIMITED LIABILITY CORPORATION (LLC)
SOMEONE WHO FOUND AND ESTABLISHED THE BUSINESS
FOUNDER
THINGS YOUR COMPETITORS DO BETTER THAN YOU
WEAKNESS
THE ACRONYM B2C MEANS WHAT?
BUSINESS TO CONSUMER
An employee who receives a set amount for each unit created
PIECE WORK
YOU OWN AN ICE CREAM AND DONUT SHOP.
WHAT TYPE OF COMPETITION WOULD A GROCERY STORE BE?
INDIRECT
A PERSON WITH AN INTEREST IN THE ACTIVITIES OF A BUSINESS
STAKEHOLDER
INTERNAL RESOURCES SUCH AS SKILLED, KNOWLEDGEABLE STAFF
STRENGTH
This segment describes what customers think about and value and how they live their lives
PSYCHOGRAPHIC