Defentions
The four P's of marketing?
What is Product, Price, Place, Promotion.
Taking a risk to start your own business, when your business becomes successful that makes you a.......
What is a Entrepreneur?
Two people working together to own a business/managing a business together.
Ex: Jake and Zack work together to start their business.Each of them have a task to complete by the end of the day.
What is partnership?
Define marketing.
A. Selling products
B.Promoting/selling company's products to gain targeted customers.
C. Having your own market
B.Promoting/selling company's products to gain targeted customers.
What is manufacturing?
Direct competitor?
What is a business that sells similar products and same customers as your business?
When a company owns money this is called a....
What is a liabilities?
A company or business aiming at a specific type of customers.
Ex:Best buy sells mostly devices,which customers who are intrested in buying devices, usually go to that store.
What is target market?
Define wholesalers
A.Starting a business
B.Selling goods for expensive prices.
C.A company that sells goods in lower prices.
C .A company that sells goods in lower prices.
Monthly expenses that do stay the same from month to month.
Ex: Angelina's monthly expenses stay the same each month.Her rent payment,Car insurance,hospital bills,etc had all stayed the same amount.
What are fixed expenses?
When your spending budget is equal or less then your earning money.
What is a budget?
When your monthly expenses do change from time to time, this is called a.....
What is a variable expense?
Ashton sold a few of his old bikes in a garage sale,a few people were intrested in his bikes and bought some, so he made money off selling his bikes.
What is profit?
Define retailers.
A.Person/Company selling goods to public in small quantities.
B. Privately selling goods.
C. Wanting to start a business.
A. Person/Company selling goods to public in small quantities.
When the total revenue equals the cost, no profit,no loss.
What is a Break-Even-Point?
Being able to provide for citizens with basic needs and wants in your business.
What is Service.
When people cannot pay owned debts, this is called...
What is bankruptcy?
A company that sells different products from your business.
Ex:A flower shop sells different kinds of flowers,plants,soil,etc.While Best Buy sells mostly electronics/devices. Those two stores sell completely different products.
What is indirect competitor?
Define revenue.
A.Your own personal income.
B.The total amount of money from a business,which is measured over amount of time.
C.Taking out money from a ATM.
B.The total amount of money from a business,which is measured over amount of time.
A persuasive presentation that shows a business goals and stratagies.
What is a business pitch?
Working Capital?
What is a difference between a company's current assets and their current liabilities?
When a business sells different products then yours....
What is indirect competitor?
Different sales for every business/company.
Ex: Target earns 3,400$ in a day with less customers,on a busy day they earn a lot more.While Walmart earns $2,320 in a day.Both stores have different sales.
What is Unit Of Sale?
Define corporation.
A. Finding workers to help run your business.
B. Starting a illegal business
C. A company/group that is legal separate from owners.
C. A company/group that is legal separate from owners.
Define a business plan.
A. A document that shows a company's objectives and strategies.
B. Making a plan with business
C. When your monthly expenses don't change.
A. A document that shows a company's objectives and strategies.