STARTING A BUSINESS
This person starts and runs their own business
Entrepreneur
A plan for how much money you will need and how it will be spent.
Budget
The activities used to promote and sell a product or service.
Marketing
An item or service offered by a business for sale.
Product
A person who buys a product or uses a service.
Customer
This is a detailed outline of how a business will be set up and operate.
Business plan
The total amount of money a business earns from selling its product or service.
Revenue
The way a business tells people about its product or service.
Advertising
A helpful activity provided by a business to satisfy customer needs.
Service
The exchange of a product or service for money.
Sale
A group of people a business aims to sell its product or service to.
Target Market
The amount of money spent to produce a product or provide a service.
Cost
A symbol or design used to represent a business.
Logo
The amount of products a business has ready to sell.
Inventory
A method to gather information from customers about their preferences.
Customer Survey
A sample or model of a product created before mass production.
Prototype
The money left over after subtracting costs from revenue.
Profit
A short and catchy phrase that represents a business or product.
Slogan
The system of getting a product from the manufacturer to the customer.
Supply chain
The desire for a product or service from customers.
Product Demand
The official introduction of a product or service to the public.
Launch
Money spent on a business with the hope of making a profit later.
Investment
The process of setting the cost customers will pay for a product or service.
Pricing
Other businesses that offer similar products or services.
Competition
The unique image or identity of a business or product.
Brand