Legality
An agreement between an employee and a company outlining obligations and terms of employment.
What is an contract?
A persuasive speech prepared to entice a potential customer to purchase a service or good
What is a sales pitch?
An individual hired by a company and compensated for their work
What is an employee?
An individual or business that purchases good and services from a business
What is an customer?
Cost incurred by a business
What is an Acquisition cost?
A form of protection individuals can implement to protect their intellectual property. Copyright is designated for print, music, film, and various other forms of creative licenses.
What is copyright?
A form of communication between business and customers which relays a message promoting services or goods.
What is marketing?
The individuals that own the business.
What is an owner?
Customer Acquisition Cost
The total cost of acquiring a new customer
An investor who provides funding to a business for a stake in the business for a stake in the business in return.
What is an Angel investor?
A legal method used to protect an invention for a limited time
What is a patent?
A written plan that outlines a company's marketing strategies
What is a marketing plan?
Two or more individuals that share a business's financial responsibility.
What are partners?
Statistical data that refers to particular groups within a population.
What is demographics?
The amount of money a business plans on spending during a given period.
What is a budget?
A practice used to protect brand names, logos, and business names such as Lego or Coca-Cola
What is a trademark?
A promise of value that a company makes about thier product or service that makes it attractive to customers.
What is a value proposition?
A person or entity willing to provide monetary funds to a business with the hopes of earning a return on their money.
What is an investor?
Activities or strategies employed by a business to retain existing customers
What is customer retention?
The point where a business's revenue matches its expenses over a given period.
What is a break even point?
A signed agreement stating that an entity will not disclose information agreed upon by all parties in an arrangement, often used in medical and government fields.
What is confidentiality agreement?
The stage where a business's sales are high and continue to grow because their product is something customers want and continue to purchase
What is a product/market fit?
The chief finanical officer holds a leadership roles within a business. The CFO oversees a companys finances.
What is an CFO(chief financial officer)
How a business sells its products and services to the end customer.
What is an sales channel?
A business owner that uses their own money to fund their business
What is bootstrapping?