Vocabulary 1
Entrepreneur
What is a person who organizes a business?
Partnership
What is companies agreeing to cooperate their mutual interests?
Budget
What is a financial plan for a certain amount of time?
Marketing
What is when someone sells products or services to gain money?
Employability Skills
What is skills needed by a person if you want to become employable?
Corporation
What is an organization or company governed by a board of directors?
Bankruptcy
What is when people cannot pay off their loans or debts?
Business Opportunity
What is when an entrepreneur finds an opportunity to start their own business and gain profit from it?
Resume
What is a document made by a person who wants companies to know about their background?
Earning Income
What is an earned income that is gotten from a job or self-employment?
Fixed Expenses
What is costs that are not dependent on how well your good or service is doing?
ROI (Return on Investment)
What is a ratio comparing net income and investment?
Cover Letter
What is a written document sent with your job application?
Target Market
What is a group of customers that a company/product is aimed at?
Start-Up Capital
What is an amount of money that is raised by you or the bank to help you start off your business?
Limited Liability Company (LLC)
What is the form of a private limited company?
Sole Proprietorship
What is a type of enterprise owned by one person?
Variable Expenses
What is costs that change as the good or service changes?
Business Pitch
What is presenting ideas to another party?