B
this segment describes where customers are located and how they can be reached.
Geographic
Cooking Utensils and a Business License
What are start up cost?
The owner of a computer training center wants to know the book value of all the equipment in the center at the end of the year. Which financial statement provides this information?
Balance Sheet
Double-taxed, but best for international businesses.
C-corporation
You own a business that manufactures pool chairs. For each pool chair, you determine the following: Labor: $40, Materials: $100, Desired Markup: 40%. What should your selling price be? (labor +materials x markup)
196
this segment describes statistical information about customers
Demographic
Gasoline and Truck Lease Payments
What are operating cost?
a financial obligation
Liability
a legal status granted to businesses. This designation can relieve the business owners of personal responsibility for their company's debts or liabilities and establishes the business as its own legal entity.
LLC
written documents outlining a company's objectives and goals
Business Plans
this segment describes the benefit to customers based on their wants or needs and how they use the product.
Behavioral
expenses that have to be paid by a company regardless of changes in revenue.
Fixed Cost
the money value of an owner’s interest in property after liabilities are accounted for.
Equity
the easiest type of business to establish or take apart, due to a lack of government regulation and Unlimited Liability
Sole Proprietorship
Prospecting.-Pre-approach.-Approach.-Presentation.-Handling-Objections.-Closing.-Follow Up.
Personal Selling Process
U.S Census, Academic Journals, and industry newsletters
Secondary Data
depend on the increase or decrease in the amount of goods or services produced or sold.
Variable Cost
You are examining the year-end balance sheet. Assets; cash $15,000 inventory $2,000 equipment $10,000. Liabilities; credit card balance $3,500long-term debt $0 unearned revenue $2,500. What is your equity?
$21,000
available only to small businesses with 100 or fewer shareholders,
S Corporation
Which is the first step of the product quality control process?
Determine what standards have to be met based on the product and industry
a one-page consolidated business plan that contains the same nine prompts for entrepreneurs to answer: problem, solution, key metrics, unique value proposition, unfair advantage, channels, customer segments, cost structure, and revenue streams.
Lean Canvas Model
SEO Marketing and Training Programs
Customer Acquisition Cost
The main accounting equation
Assets=Liabilities+Equity
Equity = Assets - Liabilities
A fitness trainer wants to create a legal structure that will help protect her from lawsuits. She will have no partners or employees. Which Business structure should she use?
LLC
describes a scenario in which a company’s target customers are buying, using, and telling others about the company’s product in numbers large enough to sustain that product’s growth and profitability.
Product Market Fit