Vocabulary 1
When a business bills are fully paid off because they made enough sales.
What is Break-Even Point?
A plan for a business or a person to maintain money
What is a Budget?
The person who takes the risk to start and run a business
What is a Entrepreneur
Steps of your business goals, and steps on how you are going to accomplish them
What is a Business Plan?
A quick summary of your whole business that you use to explain it to people.
What is a Business Pitch?
A business that is controlled by two or more people
What is a Partnership?
A income coming from your business or job
What is Profit?
A hand activity to help other people
What is Service?
The process of starting a new business based on the needs of the market and your local area
What is Entrepreneurship?
The bills required to pay for essential fixed and current assets before the business can open.
What is Start-Up Capital?
A condition where a person or corporation is declared unable to pay their debts
What is Bankruptcy?
The quality of being liable
What is Liabilities?
Operating expenses that a business must pay regardless of how many sales have been made
What is Fixed Operating Expenses?
A business that is owned by multiple stockholders and operates with a legal entity
What is corporation?
One person owns a business
What is Sole Proprietorship?
The entire property of a person
What is assets?