Definition of term
An individual or business that purchase goods and services from a business
Customer
The action of working with __ or more people toward a common ___
one, goal
What does the demographics provide?
Statistical data that refers to particular groups within a population
What's the difference between a CEO and COO
A CEO overseers a business operations and resources and makes the major decisions for the company while a COO is responsible for overseeing the day to day administrative and operations function of a business
what kind of business is is called when it's has no owner
Nonprofit
A calculation used to measure a business's monthly cash flow
Burn Rate
The method of sharing a ____ business ____ products
start-up, pre-sell
What's marketing?
A form of communication between business and customers which relays a message promoting services and/ or goods.
Difference of a Small business and Business
What is it called when preforming a skill or service to a consumer
Service
A business-to-business, commercial transaction between business
B2B
Using one's ___ to solve a problem in the best way by considering various _____ _____ to the problem
mind,potential solutions
What's a Patent?
A legal method used to protect an invention for limited time
Differences between Stake holder and Stockholders
Stakeholders are individual with a interest in a business. While a Stockholder is a individual that owns at least one share in a corporation's stock.
what is a person called when they are willing to provide monetary funding to a business with the hopes of earning a return of money
Investor
A local agency with information on participating local business
Chamber of Commerce
An ______ between an employee and a company outlining obligations and terms of____
agreement, employment
what's a Pitch Deck
A presentation given to potential investors to provide a brief overview of the business plan to a earn another meeting.
Difference between Trademark and Trade Secret
Trademark is when a practices is used to protect it's brand names, logos, and business names. While a Trade Secret is a practices used by business to protect a practices, process, or formula from being shared with other competitors
What is it called when a total cost of acquiring a new customer
Customer Acquisitions Cost
holds a leadership role within a business. They oversees a business's operations and resources and makes the major decisions for the company
CEO
The Chief ____ Officer holds a leadership role within a business. They oversees the companies finances
Financial
What's a Profit?
The amount of financial gain from a business
Difference Between Risk and Tolerance Risk
A risk is the possibility of something negative happening. While a Tolerance Risk is when a level of willingness to lose the and money when starting a business.
What is a Investor when they're providing funding to a business for a stake in the business in return
Angel Investor