ESB 1
From producer to consumer
What is Direct distribution
Holds the product before it is shipped to the consumer.
Fulfilment Center.
From Producer to wholesale to retailer to consumer is what type of distribution
Indirect Distribution
Makes final decisions and reports to the shareholders.
CEO
Holding place that will then ship to the business or to fulfillment centers.
Distribution Center
A 1-page business plan. Focuses on problems
Lean Canvas
Bootstrapping
Using your own money, not an investor's money.
Allow businesses to take specific action for to run a business or make changes to their buildings. Usually in the start-up costs.
Permit
Handles Finances/budgeting
CFO
B2C
BUSINESS-TO-CONSUMER TRANSACTION
(A consumer purchases an item from a business.)
B2B
Business-to-business transaction.
When a business purchases a product, service, or information from another business.
A type of investor that gives advice and invests in start-ups.
Angel Investor
Easiest legal structure to set up (ONE OWNER)
SOLE PROPRIETORSHIP BUSINESS
Invest in business for equity in the company
Venture Capitalist.
Apple, Microsoft, and Tesla are examples of what kind of legal structure.
C- Corporation
Following up is the last part of what process?
STEPS TO COMPLETE A SALE (SALE PROCESS)
Group of customers in which a business aims its marketing efforts
Target Market
Is someone who starts a business. (a creator)
Founder
What you owe others. Found on a balance sheet.
Liabilities
CLOSE THE SALE
Steps to complete a sale
The Formula: ASSETS - LIABILITIES equals...
EQUITY
[(E-N)/S] x 100 is the formula for...
CRC (customer retention cost)
Month's Revenue *12 months
Run Rate
CAC means
Customer Acquisition Cost
Gross income formula is ...
Income-Cost of good sold