Virtual Business Final Review #1

A particular market segment in which a company is focusing/planning to sell its goods.

This section of the Business Plan should address the 4 P's of Marketing.

Trading between firms or businesses, usually large volumes.

Intangible task people and/or machines perform.

What does the acronym LLC stand for?

A Virtual Business can be described as a business that:

The basic concepts and fundamental principles of right human contact.

Regulations that govern that type of use for a property within a community.

A name, symbol, or trademark designed for easy recognition.

Businesses that sell products in physical stores.

An Employer Identification Number (EIN) also known as a Federal Tax ID #; is filed with?

A name, symbol, or other device identifying a product or business, officially registered.

A collection of records that contains a variety of information.

An organization's private, internal network of computers available only to its employees.

Selling individual products to individual buyers, usually on cash payment basis; retailing.

The exchange of goods and services among individuals and businesses in multiple countries.

Originally, a firm's investment building housing its offices, warehouses, and other facilities.

A company that does almost all of its business activities through the internet.

Other businesses within the same industry that provide similar products/services.

Someone who is a risk-taker; by organizing a venture capital opportunity.

A person who organizes, operates, and assumes the risk for a business venture.

Any general business activity or commercial enterprise that can be isolated from others.

Generate fresh produce and other farm products.

A good resource to research the outlook of your industry.

Something that a business offers to the market that competitors are not offering.

What is a type of business entity that is owned and operated by one individual?

A determined time required to complete a customer order from order receipt to deliver.

A series of documents that serves as a blueprint for building a business.

A moral code of conduct that establishes right and wrong for a group of people is

A repeated phrase or selection of words associated with a specific individual, organization.

The actual assessment of the target population, competition, and needs for marketing a product.

Entrepreneurs are characterized as:

An organization or economic system where goods and services are exchanged for one another.

A person or firm that buys goods from manufacturers, then resells them to customers.