Vocab 1
An investor who provides funding to a business for a stake in the business in return.
What is Angel Investor
An agreement between an employee and a company outlining obligations and terms of employment.
Contract
A practice used to protect brand names, logos, and business names.
Trademark
Return on investment is a calculation used to determine how much an investment is making.
ROI
A type of business that has no owner and does not pay federal US taxes.
Non Profit
A tangible item a business owns.
What is Assest
The Chief Operating Officer (COO) holds a leadership role within a business. The COO is responsible for overseeing the day-to-day administrative and operational functions of a business.
COO
The group of customers a company chooses to market its products and services.
Target Market
The number of sales and other income in a business for a given period.
Revenue
A one-page document discussing key information commonly seen in a business plan.
Lean Canvas
A business-to-business (B2B) commercial transaction between businesses.
What is B2B
A form of protection individuals can implement to protect their intellectual property. it is designated for print, music, film, and various other forms of creative licenses.
Copyright
A type of business structure with a single owner. The business is not shielded from any amount of liability.
Sole Propreiter
The amount of financial gain from a business.
Profit
A financial statement that details a business's revenue and expenses for a given period.
Income Statement
The amount of money a business plans on spending during a given period.
What is a Budget?
The total cost of acquiring a new customer.
Customer Acquisition cost
The price a company charges for its product or service. The selling price is determined by adding the cost price and the profit margin the company wants to earn.
Selling Price
A type of compensation provided for the amount of work produced.
Piece Work
A business that takes its name and characteristics from an existing business chain.
Franchise
A fee paid to an employee for completing a task.
What is Commission
An individual hired by a company and compensated for their work.
Employee
A persuasive speech prepared to entice a potential customer to purchase a service or good.
Pitch
The individuals that own the business.
Owner
Standards of professional conduct professionals should uphold.
Ethical practices