Entrepreneurship 1
Someone who risks their time and money to start a business
What is an entrepreneur?
To make an income
What is a profit?
Contributing to helping others
What is service?
Going over the limit of money you had to start your business and not being able to pay it back
What is bankruptcy?
An idea of your business that you share with everybody
What is a business pitch?
Financial plan for the future and a certain limit of money you have to stay within
What is a budget?
To promote your business or sell your services and/or goods
The money needed to start a business
What is a start-up capital?
A plan arrangement to help start your business
What is a business plan?
A group of multiple stockholders associated mainly with trade
What is a corporation?
Something that you owe to someone
What are liabilities?
The money a business/company has to come up with short term needs
What is a working capital?
To be owned by one person
What is a sole proprietorship?
All property of a person, corporation, association, estate capable, or the person who is paying the debt
People who work in the manufacturing industry
Who are manufacturers?
A cost in a business that is consistent regardless of the products and/or services sold or produced
What is a fixed operating expense?