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What is Liabilities?
the state of being responsible for something
a business or firm owned and run by two or more partners.
partnership
What is Revenue?
income, especially when of a company or organization and of a substantial nature.
the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
Working Capital
What is a Business Pitch?
a presentation of a business idea to potential investors
What is the definition of Service?
the action of helping or doing work for someone
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
corporation
What is Wholesalers?
a person or company that sells goods in large quantities at low prices, typically to retailers
What are the four P's of marketing?
product, price, place, promotion
What is a Business Plan?
a documented strategy for a business that highlights its goals and its plans for achieving them
What is Sole Proprietorship?
A non-registered, unincorporated business run only by one individual person with no distinction between the business and the owner.
obtain a financial advantage or benefit, especially from an investment.
profit
What are Retailers?
a person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.
companies offering the same products or services as you
Direct Competitor
What is Assets?
any useful thing or something that holds value.
What is Start-Up Capital?
something entrepreneurs use to pay for any or all of the required expenses involved in creating a business
serves the same customer needs as another company but offers different products or services.
Indirect Competitor
What are Manufacturers?
a person or company that makes goods for sale.
A fixed cost is set for a fixed period of time; it doesn't change
Fixed Operating Expenses
What is Start - Up Capital?
the money raised by a new company in order to meet its initial costs.
Definition of: Bankruptcy
the state of being completely lacking in a particular quality or value.
a particular group of consumers at which a product or service is aimed.
Target Market
What is Unit of Sale?
each full case of product (s)
the point at which total cost and total revenue are equal
Break - Even - Point
What is an Entrepreneur?
someone who starts or owns a business.