Personal Finance
You don’t need a monthly budget (T or F)
False
What is the primary source of wealth for businesses?
The primary source of wealth for businesses typically comes from profits generated through sales of products or services.
what is advertising?
telling people about a product or service
the amount of money put into an account
what is deposit
what is a manager?
a person in charge of workers or a team
What are some good money habits
Set financial goals, Educate yourself about money, and Track your spending
How can a business increase its wealth?
A business can increase its wealth by expanding its customer base, improving operational efficiency, investing in marketing, diversifying its product offerings, and managing costs effectively.
what is a target market?
a group of people a product is made for
the money taking out of an account.
what is withdraw?
what is a good leader?
a person who guides and inspires others
What are short term financial goals?
Improve your credit score, Create and stick to a budget, Save
What role does cash flow play in business wealth?
Cash flow is crucial for business wealth as it ensures that a company can meet its obligations, invest in growth opportunities, and weather financial challenges.
what is branding?
a name, logo, or design that makes a business stand out
A check that is returned to the bank because there is not enough money in the account to cover it.
what is bounced chech?
what is teamwork?
working together as a group?
Do u need a emergency fund ?
Yes
How do investments contribute to business wealth?
Investments in assets, technology, and human resources can enhance a business's productivity and profitability, leading to increased wealth over time.
what is a discount or sale?
what do we call when buisnesses lower prices or give deals to attract customer
A record of deposits withdrawals and the balance in your account.
what is the bank statement
what is leading by example?
what is it called when a leader sets a good example for others to follow
What are the opportunity cost of my spending decisions
What you give up when u choose to spend your money on one thing
What is the importance of financial planning for building wealth in business?
Financial planning helps businesses set clear goals, allocate resources effectively, and prepare for future challenges.
what is a marketing strategy?
a full plan for how to sell a product.
money your bank pays you for keeping your money in an account or the money you owe on money you borrow.
what is interes?
what is communication?
sharing ideas clearly with others