Business Model vs Business Plan
What word means "how" a company sells things and makes money?
Business Model
Who makes products from raw materials?
Business model used for selling and buying things online
e-commerce
customers pay regularly to use a service
subscription model
short presentation for investors
pitch deck
What is a plan for how a business will reach it's goals?
Business Plan
Who sells products in big amounts to stores?
Wholesaler
What does "B2C" stand for?
Business to consumer
a basic service is free; users pay for extra features if needed
Freemium
What does it mean to "scale" a business?
grow the business so it can serve more customers
The name, look and feeling people know about a company or product.
Brand
Collects small amounts of capital from a large number of individuals to finance a new business venture or various other needs
Crowdfunding model
a website where many sellers offer items; ebay
marketplace
money comes from selling ad space to other businesses
advertising model
bricks- and- clicks
The money a company earns after paying costs
Profit
What does D2C stand for?
Direct to Consumer
a store sells items but supplier ships to customer. Store does not keep items in stock.
dropshipping
What do you call a percentage given to an employee from each sale they make?
commission
If an investor asks "How do you make money?" which short word describes that question?
Business Model
All money a company gets from sales
revenue
business where a person pays to use a bigger company's name and system.
Franchise
a service that gathers options from many providers and offers them on one app or site; example Airbnb
aggregetor
What are the six functions of business?
marketing, strategy, operations, human resources, information management, finance/accounting
Retailer