Vocabulary
The ability and readiness to develop, organize and run a business in order to make a profit
Entrepreneurship
This is used to quickly tell someone about your business on the way up and down
Elevator pitch
The symbol that indicates a brand and is considered intellectual property
trademark
What are common opportunities used to start a business?
Buy a business
Buy a franchise
Become an inventor
Start a new business
These burger joints are direct competitors
Mcdonald's and Burger King
an existing market with many competitors
Red ocean market
Who would you hire to create your financial statements
An accountant
These two things can expire
Copyright and a patent
A method used to determine the effectiveness of an opportunity.
A swot analysis
Social, economics and political happenings
business environment
Money flowing in and out of a business
Cashflow
Another name for profit and loss statement
Income statement
This includes works published online
Copyrights
A group of potential customers
A market
These 2 companies are driving the competitors away
Amazon and Walmart
An execution of a new business idea
Entrepreneurship
This summarizes the revenues and expenses incurred during a specific period.
profit and loss statement
The exclusive rights to make, use or sell a process or device
Patent
What are market segments?
Demographics
Psychographics
Geographics
Buying patterns
These companies are fighting for dominance in the soft drink industry
Cocoa Cola Company
Pepsico
The difference between the selling price and and its cost
Margin
A sentence that describes what your business aims to achieve in the long run
Mission statement
Artistic and industrial creations of the mind
intellectual property
Primary data and secondary data are?
Types of research
The top competitors in the Mexican Fast Food Markets
Moes South Western Grill
Chipotle