ESB 1
Cost incurred by a business
Acquisition Costs
An investor who provides funding to a business for a stake in the business in return
Angel Investor
A tangible item a business owns
Asset
A business-to-business commercial transaction between businesses.
B2B
A business-to-consumer (B2C) transaction.
B2C
The amount of money a business plans on spending during a given period
Budget
A document that addresses the concept, customers, and capital for a business
Business Plan
Business structure that allows the company to pass its income, losses, deductions, and credits through its shareholders to decrease their taxation
C Corporation
Oversees a business's operations and resources and makes the major decisions for the company
CEO
Oversees a company's finances
CFO
The amount of money charged for goods or services
Price
A tangible item
Product
A business that takes its name and characteristics from an existing business chain
Franchise
A fixed payment amount provided to a full-time employee
Salary
Intangible service or skill that is performed
Service
What does ESB stand for?
Entrepreneurship and Small Business
The group of customers a company chooses to market its products and services to.
Target Market
A preliminary product, commonly a product with minimum viability, from which to test and develop
Prototype
Who is the best teacher?
Ms. Walker
Compensation provided for the amount of work produced.
Piece Work
individual or business that purchases goods or services from a businesses
Customer
A monetary amount given to employees in return for their work.
Compensation
individual who aspires to start and run a successful business
Entrepreneur
Non-cash compensations offered to employees in place of or in addition to a lower salary
Equity
Statistical data that refers to particular groups within a population
Demographics