Business Terminology
A person or organization that purchases goods or services from a business
Customer
CEO of Tesla and SpaceX; known for electric cars, rockets, and technology advancements
Elon Musk
Markets properties and helps buyers in purchasing properties
Real estate agents
An entry level accountant working in NYC
$72,754
Analyzation of buying, selling, and marketing property
Real estate
The group of people a business wants to reach with it's products or services
Target audience
Oregon entrepreneur that co-founded a shoe company and helped turn it into one of the world’s biggest athletic brands
Phil Knight
Manages a company's money, records transactions, prepares financial statements, and files taxes
Accountants
A mid-level (3-5 years of experience) marketing manager at a small start-up in LA
$105,750
Creating products or services that solve a problem or need
Entrepreneurship
The name, logo, and image that help customers recognize a company
Branding
Founded Amazon in 1994, growing it from an online store into a global technology and retail company
Steve Jobs
Analyzes trends to find best way to promote a company's good or service
Marketers
A first-year investment banker working on NYC's Wall Street
$150,000
Studying how to understand consumer needs, and combine creativity with communication to businesses and customers
Marketing
A business owned and operated by one person
Sole proprietorship
Co-founded Apple and helped make products like the Mac, iPhone, and iPad
Steve Jobs
Tracks supply inventory, transportation of goods, and delivery of goods from and to the company
Logistics managers
A successful Chick-Fil-A franchise owner with a location in Seattle
$465,000
Practice recording daily entries, journal transactions, and balances
Accounting
Amount of gain or lost on a business investment relative to how much spent on it
Return on investment (ROI)
Co-founded NVIDIA in 1993 and is still it's CEO; his company is now a major leader in computer chips, graphics, and artificial intelligence
Jensen Huang
Examines company data, trends, and finances to guide company decisions and possible mergers
Data analysts
A first-year quant trader working on NYC's Jane Street
$300,000 base salary + annual discretionary bonus
Examine company data, trends, and financial reports to guide decisions
Business analytics