Ag Business: Entrepreneurship

An owner's net worth is only the profits made by the business and does not include the owner's total investment.

The _______ function involves identifying ways to make potential customers aware of the product or service.

Lists how many units of each product are on hand.

The _______ function involves selecting a product or service to be marketed or sold for profit.

Describes the funds avaialble to run a business.

How many functions are performed in the operation of a small business?

The _______ function includes studying the product or service to determine the reasons the customer will need it.

A projection of costs and expsenes against sales and revenue over time.

Liabilities are any and all debts.

The _______ function includes obtaining capital for the initial startup and oragnization of a small business.

_______ is putting a plan into action.

Which of the following is included on a Balance Sheet?

A _______ is a person who organizes a business or trade. _______ is the planning and organizing a small business.

Assets include all of the following except:

A snap shot of a business' fiances at a particular point in time.