Da People
An individual or business that purchases goods and services from a business.
What is a customer?
A financial statement that details a business's revenue and expenses for a given period.
What is an Income Statement?
Goods a business owns with the purpose of selling.
What is Inventory?
Costs a business has that remain the same no matter the volume of production.
What are Fixed Costs?
An individual hired by a company and compensated.
What is an employee?
Standards of professional conduct professionals should uphold.
What are ethical practices?
The method of sharing a start-up business online to pre-sell products.
What is Crowdfunding?
The total cost to acquire new customers.
What is the Customer Acquisition Cost?
A business that takes its name and characteristics from an existing business chain.
What is a Franchise?
An individual who aspires to start and run a successful business.
What is an Entrepreneur?
A method used to get a product from the manufacturer to the end-users.
What is a Distribution Channel?
A new idea, product, or method.
What is an Innovation?
The total cost to retain existing customers.
What is the Customer Retention Cost?
The person that developed or created a company or organization.
Who is the founder?
Dividing the market into segments based on variables such as age, life-cycle stage, gender, income, occupation, education, religion, ethnicity, and generation.
What is Demographic Segmentation?
A creative work or invention to which an individual has been given rights.
What is Intellectual Property?
A payment amount provided to employees for the number of hours they worked.
What is Hourly Pay?
The value that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debts were paid off.
What is Equity?