the total market value of all goods and services produced by workers and capital within a givin period
What is GDP
100
The Entreprenuer
The Environment
The Opportunity
The Start up resources
The new venture organization
What is The 5 components of the entrprenuership start up process
100
one or more owners
more voting rights between partners
profits shared
general partners liable for all claims
What is characteristics of a partnership
100
Advertisement
Publicity
Sales promotion
internet marketing
What is Elements of a promotional mix
100
An individual who undertakes the creation, orginzation and ownership of a business
What is Entrepreneur
200
a point where a comumer buys all of a product that is supplied. There is no more or a shortage
What is Equilibrium
200
Opportunity recognization
concept investigation
product design
prototype building and testing
What is 4 steps of product development
200
one owner
owner liable for all claims
all profit goes to owner
owner has full control
What is sole proprietorship
200
Cost and expenses
supply and demand
consumer perception
competition
Government regulation
What is Factors that affect price strategy
200
the cost associated with giving up the use of money tied up in inventory
What is Oppurtunity cost
300
the cost associated woth the loss of inventory that are broken,damaged or spoiled
What is Shrinkage cost
300
storage space
economic conditions
price of product
minimum purchases
What is the factors you should consider when timing your purchases
300
No profit to the owners benefit
usually for charity
for a good cause
What is Non profit organization
300
Number and Size
Nature of competition
Area
Accesibility
Traffic
Culture
What is Factors when selecting a business site
300
A company whose owners and managers have limited liability and some tax benefits but avoid some restrictions associated with subchapter s corporations
What is LLC
400
the distridution channel throughout which a product or service flows from producer to comstomer
What is value chain
400
trade discount
quantity discount
cash discount
What is 3 types of discounts that apply to purchasing
400
No limit on shareholders
board of directors appointed by shareholders to make decisions
bought and sold (shares)
What is C corporation
400
Money people have to spend after paying necessary expenses
What is Disposable income
400
a pricing technique businesses use based on the belief that a customers perception of a product are strongly influenced by its price, odd/even pricing, bundle pricing, and promotional pricing
What is Psychological Pricing
500
a project schedual that is arranged in a diagram used for schedualing more complex problems
What is PERT diagram
500
Planning
Organizing
Directing
Controlling
What is management functions
500
75 shareholders
What is subchapter s corporation
500
A document that grants an investor the right to exclude others from making using or selling an invention or other intellectual properties during the term of the ______
What is Patent
500
a graphic schedule of a products phases activities and tasks plotted against a timeline