Easy
What is the cost incurred by a business?
Acquisition Costs
A tangible item a business owns.
Asset
The amount of money a business plans on spending during a given period.
Budget
A company's ______ may play a role in pricing.
Target Market
______ marketing lets marketers place ads on websites within search engines.
Pay-per-click (PPC)
A document that compares assets to liabilities plus owner's equity.
Balance Sheet
What do strengths in a SWOT analysis describe?
Things a company does well
What do opportunity's in a SWOT analysis describe?
Anything that could increase sales and grow a company
What do weaknesses in a SWOT analysis describe?
Areas in which a company is lacking.
How do Network marketers make their money?
Through commissions
What kind of marketing occurs when a customer has subscribed to receive promotional material?
An investor who provides funding to a business for a stake in the business in return.
Angel Investor
A business owner that uses their own money to fund their business.
Bootstrapping
A situation an entrepreneur analyzes and evaluates to see if starting a sustainable, profitable business is feasible.
Business Opportunity
The point where a business's revenue matches its expenses over a given period.
Break-Even Point
What kind of status does a non-profit have?
Tax-exempt
What is a disadvantage of S corporations?
There are very strict qualification requirements for becoming an S corporation.
Franchises will usually have higher ______, but they offer ongoing support and training.
start-up costs
What types of information can be found on a profit and loss statement?
Expenses, Revenues
What is MVP?
A minimum viable product (MVP) is an inexpensive preliminary product to test the product idea.
What is one of the three information that can be found on a balance sheet?
Liabilities, Assets, Equity
What is value engineering?
Substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose
On what is it becoming more common to sell products and services?
Online/The internet
What are advantages of selling online?
Not needing physical storage, inventory, or additional employees or Delivery is instantaneous and inexpensive
What are 2 of the stages of the business life cycle?
Existence, Survival, Takeoff, Success