Vocabulary
To make something
What is to manufacture?
A business that resells finished goods to consumers for a higher price than they bought it.
What is a retail business?
The act of putting money into an account
What is a deposit?
What is introduce yourself and shake the judges' hands?
Factual descriptions about a product.
What is a feature?
A specific type of company that is founded with the intention of becoming large and highly profitable.
What is a startup?
Money that a company receives from its normal business.
What is revenue?
How you should end your presentation.
What is an entrepreneur?
A business that sells raw materials to other businesses at an affordable rate.
What is a wholesale business?
A plan for how you will spend money depending on how much you earn.
What is a budget?
The type of audience who is most likely to buy your product.
What is a target market?
A person who purchases goods and services for personal use.
What is a consumer?
A preliminary model of your product from which other forms are developed or copied.
What is a prototype?
The money you receive through a job, investment, or inheritance.
What is income?
The most important thing to remember about cost vs. price.
What is your price should always be higher than your cost?
A factor that differentiates a product from its competitors, such as lowest cost, highest quality, or first of its kind.
What is a competitive advantage/unique selling point?
A business that sells similar products as you or tries to sell to the same customers as you.
What is a competitor?
The money you make after you have paid all your costs.
What is profit?
Important things to remember about body language.
What are eye contact, clear speaking, standing still, standing straight, and not reading off the board?