Accounting
The action or process of keeping financial accounts is
What is accounting?
An account of someone's life written by another person
What is a biography?
One who undertakes innovations or introducing new things
What is an Entrepreneur?
Businesses raise money by selling this in their company
What is stock?
The product life cycle consist of...
What is the introduction stage, the growth stage, the maturity stage, the define stage, and the decision point stage?
What is a statement of the assets, liabilities, and capital of a business or other organization at is particular point in time, detailing the balance of income and expenditure over the preceding period
What is a balance sheet?
Financial rhetoric that indicates that a business is sufficiently healthy to receive interest from lenders to loan
What is Bankable?
A risky or daring journey or undertaking
What is a venture?
I = P x r x t or I = Prt
What is the formula for calculating interest?
A framework that helps to analyze the level of competition within a certain industry
What is Porter's Five Forces Analysis?
A financial statement that measures a company's financial performance over a specific accounting period
What is an Income Statement?
The primary focus of determining if your business is Bankable
What is financial health?
A particular way of thinking that applies specifically to your work and career success
What is an Entrepreneurial Mindset?
Demand for and prices for stocks are high
What is the Bull Market?
A notice or announcement in a public medium promoting a product, service, or event
What is advertising?
Assets= Liabilities + Shareholder's Equity
What is the formula for simple accounting?
In a bankable business plan, you need to define your value- generating centers (core-business activities)
What is the Value Definition?
Formation of ideas or concepts
What is Ideation?
Projections that should be realistic, detailed, and logical are
What are Financial Projections?
This is used to identify how you are going to market your product or service, what your target market is , and how you are going to continue to grow
What is a Market Plan?
Profit = Revenues - (cost of goods sold + all expenses)
What is the formula fr Profit?
Be cash flow positive and able to service a debit, positive networking capital, have collateral, and have audited financial statements
What are four financial things that help determine financial health?
A project designed to bring entrepreneurship and innovation to individuals in rural areas through partition in climate-smart solutions, via access to education and a level playing field on which to compete
What is the Rural Entrepreneurship Training Project?
The three C's of credit are
What is Character, Capital, and Capacity?
This discounting strategy is used as a marketing approach to motivate customers to take s specific, pre-determined action through sales, discounts, incentives, or offers
What is a Sales and Promotion strategy?