Entrepreneurship & Computer Networks Terms

Entrepreneurship & Business

100

1. Someone who created the business

Entrepreneur

200

1. Someone who takes care of a business

Entrepreneurship

300

A plan for the future of a business

Business Plan:

400

1. A saying or a campaign of which the business is being advertised

Business Pitch

500

1. People working together by a contract or agreement in a business

Partnership

Basic Business Terms

100

1. All property from a given properties value (i.e. Houses, stocks, ect)

Assets

200

 Acts as a disadvantage.

Liabilities

300

1. Your max spending or your own limit that you make.

Budget

400

1. How much money you make after expensive

Profit

500

1. You go into debt/negative money

Bankruptcy

Advanced Business Terms

100

1. Starting money by investors to get the company up and running.

Start-Up Capital

200

1. You make how much you spend, your profit is $0 total. (if you had $1300 last time, spend that much, and get the same money, you didn't gain or lose in the month time frame.

Break-Even Point

300

1. All capital in business, except the inventors that invested capital.

Working Capital

400

1. Constant business expenses, always the same.

Fixed Operating Expenses

500

1. Owned by 1 proprietor

Sole Proprietorship

The Market

100

Someone who sells almost the same or same product as you.

Direct Competitor

200

1.  Someone that doesn’t sell your product.

Indirect Competitor

300

1. Sell the product in bulk

Wholesalers

400

 People that make the product

Manufacturers

500

Sells the product in small amounts

Retailers

Price & Selling

100

1. How much money you make

Revenue

200

Where your trying to sell your product in the market

Target Market

300

Freebee

Gain 300 Points Free

400

What are the four P's of marketing?

1. Product, Price, Place, Promotion

500

Smallest quantity; ____ price

Unit of Sale