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Business Fundamentals Flashcards | StudBud
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Business Fundamentals
Business Fundamentals
19 terms
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Test your knowledge on key concepts in entrepreneurship, marketing, finance, and leadership
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
What is an Entrepreneur?
Starts own business
Promotes services
Supplies products
Manages income
2
What is Innovation?
Manage income
Promote services
Starts business
New ideas
3
Budget ensures stability
True
False
4
What is Leadership?
Guide people
Promote services
Manage income
Supply products
5
What is Marketing?
Manage money
Promote and sell
Customer support
Manage income
6
Finance includes borrowing
False
True
7
Customer service is before purchase
False
True
8
What is Customer Service?
Financial gain
Support to customers
Guiding people
New ideas
9
Revenue is total earnings
True
False
10
Profit is before costs
True
False
11
Innovation creates value
True
False
12
Marketing includes advertising
False
True
13
Revenue is after expenses
True
False
14
Finance is money management
True
False
15
Budget is income plan
True
False
16
Supply chain involves resources
True
False
17
Profit is financial gain
True
False
18
Entrepreneurs take financial risks
False
True
19
What is Supply Chain?
Supply products
Manage income
New ideas
Promote services
