Entrepreneurship
What is an investor who provides funding to a business for a stake in the business in return?
What is an Angel Investor?
What is a financial statement that details a business’s revenue and expenses for a given period?
What is an Income Statement?
What is a written plan that outlines a company’s marketing strategies?
What is a Marketing Plan?
What is using one's mind to solve a problem in the best way by considering various potential solutions to the problem?
What is Critical Thinking?
What is a limited liability company (LLC), a business with pass-through taxation where owners pay taxes on the company's profit and losses through their personal taxes?
What is an LLC?
A business owner that uses their own money to _________ their business.
What is bootstrapping?
Cost incurred by a _________.
What are Acquisition Costs?
A business-to-business (B2B) commercial transaction between _________.
What are businesses?
The action of working with one or more people toward a common _________.
What is goal?
A business structure that allows a company to pass its income, losses, deductions, and credits through to shareholders to decrease their _________.
What is taxation?
Naming the individual who developed or created the company or organization.
Who is the Entrepreneur?
A calculation used to measure a business’s monthly cash flow is one definition of this term, which also means the amount of money a business plans on spending during a given period.
What is a Budget?
Using wholesalers, retailers, or online platforms to get a product from the manufacturer to the end-users demonstrates this method.
What is a Distribution Channel?
Describing the leadership role held by the Chief Executive Officer, who oversees a business's operations and resources and makes the major decisions for the company.
Who is the CEO?
Protecting the intellectual property of a musical score, including all rights for print, film, and various other forms of creative licenses, utilizes this form of protection.
What is Copyright?
Compare the two terms: Angel Investor, who provides funding for a stake, versus Investor, defined as a person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.
What are Investor and Angel Investor?
Contrast the point where a business’s revenue matches its expenses over a given period with the recurring expenses incurred for running day-to-day tasks in a business.
What are the Break-Even Point and Operating Costs?
Contrast the commercial transaction between businesses (B2B) with the commercial transaction between a business and a consumer (B2C)
What are B2B and B2C?
Compare the Chief Executive Officer (CEO), who oversees major decisions and resources, with the Chief Operating Officer (COO), who handles the everyday administrative and operational functions of a business.
What are the CEO and COO?
Contrast an agreement stating that an entity will not disclose information agreed upon by all parties in a signed statement with one of two or more individuals that share a business's financial responsibility.
What are a Confidentiality Agreement and a Partner?
A new software company finds a unique gap in the market and begins developing a product to fill that need. This characteristic, which involves acting upon ideas, is known as this term.
What is Initiative?
A restaurant pays its monthly rent, utility bills, and wages for its staff. These recurring expenses for running day-to-day tasks are known by this collective term.
What are Operating Costs?
A company studies consumer preferences, designs an advertisement, and sets a price for its new beverage. These forms of communication between businesses and customers are collectively known as this term.
What is Marketing?
A software subscription service develops new discount strategies aimed at getting existing users to keep renewing their monthly plans. This focus is on activities or strategies employed by a business to retain this specific group of customers.
What is Customer Retention?
A designer is hired to create a new product for a large tech firm. Before viewing the project details, the designer must sign a contract ensuring they will not disclose the proprietary information. This contract is known by this specific term.
What is a Confidentiality Agreement?