Vocabulary 1
Things you own.
What is assets?
Two or more people working on a businesses.
A person who owns a business.
What is an Entrepreneur?
Figuring out how you're going to reach business goals.
What is Business plan?
estimate of income and expenditure for a set period of time.
What is budget?
How workers treat you.
What is service?
Starting a business based on the needs of consumers.
What is entrepreneurship?
When one person owns a business
What is Sale Proprietorship?
Money that is made
What is profit?
when a business expenses and sales equal zero because the business has sold exactly enough units to cover its fixed expenses.
What is Break Even Point?
A business that is owned by stockholders and operates legally.
Finances required by a new business to pay for essential fixed and current assets before it can open for business.
What is start up capital?
A condition under which a person or corporation is declared unable to pay debts
What is Bankruptcy?
Expenses operating expenses that a business must pay regardless of how many sales are made.
What is Fixed operating?
A summary of your business to tell customers what it's about.
What is Businesses Pitch?
Where you communicate and buy things
What is marketing?