Entrepreneurship State Review

Gvnt agency provides  assistance to help start, run, and grow businesses?

When a new business is formed, money is spent on inventory, operationalexpenses, & marketing. 

How do businesses respond when there is a market shortage?

Term for funding new ideasand products that relies on small contributions from manysources?

Type of funding used when 1 startsa company using personal finances w/o external help/capital

What are costs that fluctuate in proportion to the good or service that abusiness produces?

Which financial report shows revenue and expenses for a given timeperiod?

Which term describes the value of the next best alternative?

What term describes the type of funding the investor is willing to give Bob?

What is a common method used to generate new profit ideas?

What term describes these products that are brought into the USA to besold in Utah?

What is the purpose of a business plan? 

Refers to dividing a market into smaller groups based onsimilar characteristics & needs?

If a company owes $100,000, what section of the balance sheet would thisdebt be placed on? 

What is a possible disadvantage of owning your own business?

Amount of a good/service that producers arewilling & able to make available @ a certain price?

Which financial statement lists a business's assets, liabilities, andowner's equity? 

What is Jacqueline's NET profit?

Which term refers to business expenses that change with each unitproduced? 

Collection and analysis of information aimed atunderstanding the behavior of consumers? 

Why is Walmart considered a “click and mortar” business?

A critical factor in the success of a business,especially for brick and mortar retail?

What type of expenses includes advertising, leases, utilities, salaries,and office supplies?

What formal declaration contains the values and goals of a company? 

What type of business provides legal rights to market products in a specific geographic area?