Define
Define target market segmentation?
the process of dividing a broad consumer or business market into smaller, more well-defined groups based on shared characteristics
Define FDIC?
an independent agency of the United States government that protects bank depositors against the loss of their insured deposits if a bank fails
Define a non-profit organization?
an entity established not to make a profit, but to serve a charitable, social, or public purpose
What is a franchise?
a business arrangement where one company (the franchisor) grants another individual or company using the franchisor's name, brand, and business model in exchange for fees and adherence to established standards.
What is a balance sheet?
Is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.
Define liability?
the state of being responsible for something, especially by law.
Define Stockholders?
someone who has shares in a company
Define owner’s equity and examples?
the portion of a company's assets that an owner can claim; it's what's left after subtracting a company's liabilities from its assets.
Define a business permit?
a legal document that authorizes a business to operate in a specific location and often for specific activities
Name ways a person can improve their FICO score.
prioritize on-time payments, reduce revolving debt, limit new credit applications, and maintain a long and diverse credit history.
Define a deductible?
able to be deducted, especially from taxable income or tax to be paid.
Define a logo?
a symbol or other design adopted by an organization to identify its products, uniform.
Define credit unions?
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Define employability skills?
the essential competencies, both soft and technical, that enhance an individual's ability to be successful in the workplace and thrive in a variety of work environments
What is marketing?
the activity or business of promoting and selling products or services, including market research and advertising.
Define the accounting cycle?
a systematic process businesses follow to record, process, and report their financial transactions
Define an “entrepreneur.”?
an individual who starts and manages a business, often taking on significant risks for potential rewards.
Define corporation?
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Define target market?
a particular group of consumers at which a product or service is aimed.
Give examples of health benefits?
a range of services and support aimed at promoting and maintaining well-being, such as health insurance, dental and vision coverage, and mental health services.
Define accounts receivable?
money owed to a company by its debtors.
Define the Small Business Administration?
a U.S. government agency that supports and promotes the growth of small businesses in the United States.
Define a business plan?
a document setting out a business's future objectives and strategies for achieving them.
Define professionalism?
the competence or skill expected of a professional.
What is a premium as it relates to insurance?
the amount you pay each month (or each year) to keep your insurance policy active