Mechanical/technology part of business. Reduces production time, errors and simplifies procedures
What is Automation
100
The point at which the money from product sales equals the costs of making and distributing the product
What is Break- Even point-
100
Business plan that contains the sum of all you learn by reading interviewing, organizing, and thinking about your enterprise. Your best guide to making the business both healthy and a success
What is Blueprint
100
Allows you to do business in your community. Must be obtained before you can officially open the doors of the business
What is Business permit
100
A document that describes a new business and explains to lenders and investors why the new business deserves financial support
What is Business Plan
200
An idea for a new business that can be tested
What is Business Concept
200
Feature that promotes or enhances the value of a product or service to the customer
What is Benefit
200
Possible jobs that a person can make a career out of
What is Career Opportunities
200
A person who buys goods for his own needs
What is Consumer
200
A financial statement that tells you what your business is worth at any given time
What is Balance Sheets
300
A way to pinpoint exactly which features and benefits of your goods and services your customers value
What is Customer Needs analysis
300
A financial statement that describes the flow of cash into and out of a business
What is Cash flow Statement
300
The buildings,equipment, tools and other goods needed to produce a product or the money used to purchase these items
What is Capital
300
Benefits outweigh the cost
What is Cost effective
300
Money spent or needed for carrying out a job
What is Expenses
400
The amount or quantity of goods or services consumers are willing and able to buy
What is Demand
400
Characteristics of human populations and populations segments, especially when used to identify consumer markets
What is Demographics
400
An individual who undertakes the creation, organization and ownership of a business.
What is Entrepreneur
400
Process used to test a business concept
What is Feasibility Analysis
400
A complete picture of a venture’s prospective customers. Includes geographic, demographic and psychographics data
What is Customer Profile
500
A report that summarizes your current financial condition, acknowledges your financial needs, and sets a direction for your future financial activities
What is Financial plan
500
Expenses that do not change with number of units produced
What is Fixed costs
500
A way to organize important information about the competition
What is Competitive grid
500
A distinctive aspect, quality or characteristic of the product and service
What is Feature
500
Keeping track of your business finances. Studies your financial statements and uses them for operating your business