1
What number of business owners work together in partnership?
Two or more
Who am I if I start a business?
An entreprenuer
______ is an estimate of income and expenses for a period of time
Budget
Skills used in any jobs-Ex: time management
Employability skills
What do people need to start businesses?
Start-Up Capital
Synonym of Advertising
Marketing
If I told a customer where the shoes are, then what is this an example of?
Service
________ is the amount a company owes
Liabilities
What is Entrepreneurship?
The act of taking the risk of making a business
What are assets?
Money or valuable owned by a business or individual
If I am the manufacturer of a product, what did I do?
Make the product
What is profit?
A financial gain, the difference between the amount earned and the amount spent in buying, operating, or producing something
_______ is the amount brought in by the business before expenses
Revenue
What are expenses that never change?
Fixed Operating Expenses
What is a business plan?
A business plan is an overview of your business goals and how to achieve them
If I spent 10 dollars and I got 10 dollars (no interest) then this is called a ________
Break-Even-Point