Business Structures
Type of business owned by one person
Sole Proprietorship
A down turn in the economy
recession
What are the two factors you need to have demand
willing and able to buy
I appear first but am created last
Executive summary
What part of the business plan explains how your business will be structured and who will run it?
Mathew
Business ownership involving two or more people
Partnership
Another word for trough in regards to the economy
Depression
The curve that shows the higher the price the great quantity made available
Supply Curve
What do we call a specific group of customers a company wants to reach?
Target Market
In Islam, what language was the Qur’an originally written in?
Arabic
Type of business gives individuals the right to market a company's products or services in a certain area?
Franchise
When the economy is at its highest point
Peak
The point where supply equals demand
Equilibrium price
What do you call the money needed to start and operate a business?
Capital
Muslims pray facing what city?
Mecca
Business is owned by members and operated for their mutual benefit
Cooperative
When the ecomony is starting to get better
Recovery
The point where supply is greater than demand
Surplus
This section provides the purpose and values of the business
Mission Statement
The Star of David is a symbol of which religion?
Judaism
Unlimited liability
One thing that gives you an indication on how the economy is doing
unemployment, GDP, Inflation rate
When there is no change in demand regardless of price
Inelastic demand
A diagram showing how the company will be run
Organizational chart
Who is considered the founder of Islam?
Mohammed