COSTS
Business costs that are not affected by changes in sales volume
WHAT ARE FIXED COSTS?
The flow of authority within an organization
WHAT IS CHAIN OF COMMAND?
The process of taking possession of something
WHAT IS ACQUISITION?
Step #8
What is Present to the appropriate audience in the appropriate manner?
Income
WHAT IS REVENUE?
Business costs that change according to changes in sales volume
WHAT ARE VARIABLE COSTS?
This is also known as line of command.
To clearly express
WHAT IS ARTICULATE?
At what step do you determine whether or not you should hire a professional.
What is Step #1?
Difficult, impractical, or impossible
WHAT IS UNFEASIBLE?
Expenses directly associated with the creation of products
WHAT ARE PRODUCTION COSTS?
A graphical representation of the flow of authority within an organization
WHAT IS AN ORGANIZATIONAL CHART?
Prejudice
WHAT IS BIAS?
Write a description of the proposed project or venture.
WHAT IS STEP #2?
The coordination of how a venture will come to life
WHAT IS LOGISTICS?
All of the expenses involved in setting up a new business or introducing a new product to the market
WHAT ARE START UP COSTS?
The step when you create an organizational plan?
WHAT IS STEP 5?
The physical and social characteristics of the population
WHAT IS DEMOGRAPHICS?
The step # and action when you determine start up costs, operating expenses and conduct a profitability analysis.
WHAT IS STEP #4, OUTLINE THE FINANCIALS?
A company’s blueprint for success
WHAT IS A BUSINESS PLAN?
A financial breakdown that allows owners/managers to determine when a business venture will break even or start turning a profit
WHAT IS PROFITABILITY ANALYSIS?
A systematic study of a specific market or step 3 of creating a feasibility study.
WHAT IS PERFORMING A MARKET ANALYSIS?
Two individual businesses that combine to form one organization
WHAT IS A MERGER?
Office/Facilities, Materials & Technology
WHAT IS STEP #6 ASSESS YOUR TECHNICAL NEEDS?
An organized inquiry into the possible success of a business idea or venture
WHAT IS A FEASIBILITY STUDY?