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Bartering Bonaza

TermDefinition
Entrepreneur Someone that makes there own product
Proprietorship A business owned and run by one person
Partnership A business run and owned by two or more people
Corporation A business that has all legal rights
Inventor A person who creates a useful item
Trademark name, word, phrase, logo, symbol, design, image to distinguish services.
Logo a design used for immediate recognition
Slogan jingles or catchy phrases
Copyright to keep others from steeling your idea
Patent exclusive right given in exchange for the full disclosure of an invention
Business Ethics practices assuring that the highest legal and moral standards are observed in your relationships with the people in your business community.
Marketing planning and selling your product
Exchange giving someone product and getting something back in return
Marketing Mix Product, promotion, price, and place=> target market
Target Market who you're trying to sell the product to
Product what you're selling
Price cost
Place where your business is located
Promotion advertising
Competition rivalry between you and another business
Trade voluntary exchange of goods, services, or both.
Barter is a type of trade in which goods or services are exchanged for other goods and/or services. Barter is used in societies where no monetary system exists
Employee Someone who works for you
Advertising a promotional technique
Customer Service How you treat your customers
Marketing Plan is a written document that details the necessary actions to achieve one or more marketing objectives.
Expense The cost required for something; the money spent on something.