Marketing
The group of people a business markets its products to
What is an audience?
The places where a business gets money to carry out operations
What is a source of finance?
What are goods and services?
A type of challenge a business faces caused by restrictions from the law of the land
What are legal challenges?
A group of people grouped by a specific trait
What is a demographic
The net gain a business receives after all costs and expenses are accounted for
What is profit?
The main burden an entrepreneur takes on
What is risk?
What is competition?
The way people see the business (hint: or BRAND)
What is a brand image?
The cost of borrowing money
What is interest
Challenges, independence, passion, and enjoyment are some reasons for this
Why might someone start a business?
An incentive that often does not align with business ethics
What are profit incentives?
A series of advertisements and messaging that promote a single idea/product
What is a marketing campaign?
What is the break-even point?
The process in which a product gains more value than it costs to make (hint: this primarily happens as materials pass through levels of industry and are processed further)
What is adding value?
It is abbreviated as CSR
What is Corporate Social Responsibility?