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Business Terms
Business Terms
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1
Short statement that includes the purpose, values and and goals of a company
Niche
Mission Statement
Income Statement
Assets
2
Gross
Revenue before expenditures
Total money made by a business before deducting expenditures
Piracy
Vendor
3
Doubling the wholesale price is called
Mission Statement
Keystone
ROI
gross
4
SMART Goals are
Specific, Measurable, Achievable, Relevant and Time-based
Short, Managable, Awesome, Raw, and Terrible
5
The selling of goods in large quaitities to be retailed by others
ROI
Wholesale
retail
Gross
6
What is Owner's Equity?
a bill
insurance
Owners money put into a business
supplies
7
Inventory, equiptment, and land are examples of ...
ROI
assets
liabilities
income statement
8
Document in business used by investers to determine finacial feasibility
Assets
Business Plan
Business Terms
Niche
9
The sale of goods and services to consumers
ROI
Niche
Retail
budget
10
A specialize segment of the market for a particular product or service
Assets
Niche
income Statement
ROI
11
Descibes a companies profit or loss
Entreprenuer
income Statement
Niche
Mission Statement
12
Total revenue minus total exspenses =
Balance
liabilities
Profit
Assets
13
A calculation used to determine profitability of a product
Inventory
Return on investment (ROI)
Supply and Demand
Equity
14
The difference between the market value and the unpaid balance.
Equity
Income
Balance Sheet
Profits
15
Balance Sheet:
A statement that shows a company's assets
A statement that show's a company's liabilities.
All of the Above
A statement that shows a company's shareholders equity
16
Person who takes risks + organizes resources to satisfy needs
ROI
A person who is from Europe
A type of plant
Entreprenuer
17
Net sales less the cost of of goods sold (COGS)
Equity
Balance Sheet
Business plan
Gross Margin
18
What is ROI?
Risk or investment
running on internet
Return on Investment
room observing interest
19
Group of consumers in which a product or service is offered
Balance sheet
Target Market
Profit
ROI
20
Estimate of income and expenditures for a set time
Budget
Wholesale
Retail
ROI
