What does EBIT stand for?

Earnings before interests and taxes

What is a target market?

a specific group of consumers a busines is trying to sell to

What does it mean when a product/service has a "niche" market?

it is targeted towards a very small group of people

What is a trade margin?

The difference between unit sales price and unit cost

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BUSINESS TERMS

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Questions 15

Answers

1
What is an example of an asset that businesses own?
Cash
Equipment
Accounts Receivable
All of the above
2
How many definitions are there for the word "market"?
1
4
2
3
3
What does EBIT stand for?
Earnings before interests and taxes
Earnings besides income and trades
Equity before interests and taxes
Effectiveness bob ian teagan
4
What is a target market?
a place where people buy and sell arrows and targets
a specific group of consumers a busines is trying to sell to
none of the above
A market aimed specifically at the wealthy
5
How is a business' EQUITY (value of a business) calculated?
Assets - Liabilities
Revenues + Expenses
Revenue - Expenses
Assets + Liabilities
6
A business entity owned and operated by a single person is called
ian
sole proprietorship
entrepreneur
brand
7
what does GDP stand for
grown demon porch
great distinctive products
great domestic product
gross domestic product
8
"the loss of potential gain from other alternatives when one alternative is chosen"
Laggards
operating leverage
relevant cost
opportunity cost
9
"A financial statement of the assets,liabilities and equity of a business at a particular date"
Trial balance
Income statement
Ledger
Balance sheet
10
The amount a business makes after subtracting expenses is called
Sales
Accounts Receivable
Cost of Goods Sold
Profit
11
What is "valuation"?
a business' financial progress
the overall evaluation of a business
What a business is worth
the value of a business' products/services
12
What does it mean when a product/service has a "niche" market?
it is targeted towards a very small group of people
the product/service appeals to everybody
no one wants to buy the product/service at all
it is targeted towards a very large group of people
13
the combination of product,pricing,promotion,and distribution strategies usedto market products
yes
tactics
combined marketing strategy
marketing mix
14
What is a trade margin?
different levels of a production process
none of the above
The practice of improving a product to increase sales price
The difference between unit sales price and unit cost
15
What do you call a business' debts (money that they owe to others)?
Net Loss
Loss
Liabilities
Fixed Cost

BUSINESS TERMS Flashcards | StudBud