ESB Domain 1
What do B2B stands for?
A business-to-business (B2B) commercial transaction between businesses.
A cost incurred by a business.
Acquisition Costs
A method used to get a product from the manufacturer to the end-users.
Distribution Channel
An investor who provides funding to a business for a stake in the business in return.
Angel Investor
The method of sharing a start-up business online to pre-sell products.
Crowdfunding
What do B2C stands for?
A business-to-consumer (B2C) transaction.
A tangible item a business owns.
Asset
A tangible item.
Product
A business owner that uses their own money to fund their business.
Bootstrapping
Statistical data that refers to particular groups within a population.
Demographics
A document that compares assets to liabilities plus owner's equity.
Balance Sheet
The level of familiarity one has with a brand.
Brand Recognition
The stage where a business's sales are high and continue to grow because their product or service is something customers want and continue to purchase.
Product/Market Fit
The point where a business's revenue matches its expenses over a given period.
Break-Even Point
A business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation.
C Corporation
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
Business Opportunity
The amount of money a business plans on spending during a given period.
Budget
A preliminary product, commonly a product with minimum viability, from which to test and develop.
Prototype
A calculation used to measure a business's monthly cash flow.
Burn Rate
The Chief Executive Officer holds a leadership role within a business. The Chief Executive Officer oversees a business's operations and resources and makes the major decisions for the company.
CEO
A document that addresses the concept, customers, and capital for a business.
Business Plan
An individual or business that purchases goods and services from a business.
Customer
An intangible service or skill that is performed.
Service
A local agency with information on participating local businesses.
Chamber of Commerce
The Chief Financial Officer holds a leadership role within a business. The Chief Financial Officer oversees a company's finances. .
CFO