What is..
What is the income that a business makes called?
Revenue
One owner of a business is a
Sole Proprietorship
What does it mean when you are have liabilities
You are responsible for something/someone
What are assets
Something owned by a person
What is it called when earning matches what you spend, equals zero
Break-Even Point
Business owned by several stockholders and has separate legal entities.
Corporation
What does it mean to be a wholesaler
Selling to a business for resale
What is a Start-Up Capital
Payment new businesses are required to pay for before opening
What is the four P's of marketing?
Product, price, place, promotion
A Direct Competitor
Has the same product as another company
What does it mean to be a retailer
Selling directly to consumers for their use
Unit of Sale
The smallest amount of something a business offers
What is a Fixed Operating Expense
A Expense a business must pay
A Indirect Competitor
Having a opposite product compared to another company
Target Market
A group of people who will be interested in the product the most
What is Working Capital
Money you have to start a business