Business Roles
CEO
What is Chief Executive Officer?
LLC
What is Limited Liability Company?
Group of customers a company chooses to market its products and services
What is Target Market?
Amount of money charged for goods or services
What is price?
Collaboration is working with one or more people toward a ________ goal
What is Common?
____________ owns stock in the company
What is a Stockholder?
__________ No ownership, no US federal taxes
What is Nonprofit?
A persuasive speech prepared to entice a potential customer to purchase a service or good
What is Sales Pitch?
The amount of financial gain from a business
What is Profit?
Using one's mind to solve a problem in the best way
What is Critical Thinking?
Person that developed or created a company or organization
What is Founder?
Described by single owner, business is not shielded from any amount of liability
What is Sole Proprietorship?
A _______ plan outlines outlines a company's marketing strategies
What is Marketing?
The costs a business has that remains the same no matter the volume of production
What is Fixed Costs?
Grit is being able to tackle _____ with courage and perseverance.
What is Goals?
Oversees a company's finances
What is CFO?
Owners pay taxes on the company's profit and losses through their personal taxes, ideal for a single owner seeking low risk
What is Limited Liability Company (LLC)?
A form of communication that relays a message prompting services and goods
What is Marketing?
Fees paid for the use of a brand name or image
What is Royalty fees?
When an individual acts to turn ideas into action
What is initiative?
Has a vested interest in the success of the company
What is Stakeholder?
Prevents the company from being double-taxed
What is S-Corporation?
____________ fit is where a business's sales are high because their product or service is something the customers want.
What is Product/Market?
Fluctuating costs that a business has depending on production
What is Variable costs?
Thinking about and planning for the future
What is Forward-Thinking Mentality?