Cost
What are costs incurred by a business?
Acquisition Costs
What is a CEO?
The Chief Executive Officer holds a leadership role within a business. The CEO oversees a business's operations and resources and makes the major decisions for the company.
What are demographics?
Statistical data that refers to particular groups within a population
what is a business opportunity?
What is critical thinking?
Using one's mind to solve a problem in the best way by considering various potential solutions to the problem
What is the customer acquisition cost?
The total cost of acquiring a new customer
What is an Employee?
An individual hired by a company and compensated for their work
What are distribution channels?
A method used to get a product from the manufacturer to the end-users
What is a small business?
A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses
What is problem solving?
The process of coming up with solutions to solve a problem
What are fixed costs?
Costs a business has that remain the same no matter the volume of production
What is a price?
The amount of money charged for goods or services
What is revenue?
The number of sales and other income in a business for a given period
What is a B2B?
A business-to-business commercial transaction between businesses
What is opportunity recognition?
The way one approaches new ideas and ventures in their life
What are operating costs?
The expenses incurred for running day-to-day tasks in a business
What is a product?
A tangible item
What is a value proposition?
A promise of value that a company makes about their product or service that makes it attractive to customers
What is a small business administration?
The small business administration is an independent government agency specializing in providing small businesses with assistance to get their business up and running
What is innovation? (creativity & innovation)
A new idea, product, or method
What are variable costs?
Fluctuating costs that a business has depending on the production
What is profit?
The amount of financial gain from a business
What is a lean canvas?
A one-page document discussing key information commonly seen in a business plan
What is a business plan?
A document that addresses the concept, customers, and capital for a business
What is self-reliance?
Trusting one's self, goals, and progress