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IBT FinalStudyGuide2

Intro to Business Final Exam Study Guide

TermDefinition
12. Speech visuals Using something extra when giving a speech such as a prop, chart, or video that makes the speech more interesting and understandable.
13. Job objective a statement of your goals for employment, typically listed at the top of your resume that is specific about the position and type of employment desired.
14. Resume references a list of people who can give a report about your character, education, and work habits.
15. Characteristics of entrepreneurs personal traits that are common to successful entrepreneurs such as creativity, persistence, integrity and independence.
16. Business description included in a business plan that lists the business idea, ownership structure and the business’s long term goals.
17. Sole proprietorship the most common form of business ownership, it is a business owned and run by just one person.
18. Partnership a business owned and controlled by two or more people who have entered into a written agreement.
19. Mission statement a short, specific written statement of the reason a business exists and what direction it wants to take.
20. Pricing setting and communicating the value of products and services.
21. Demographic a specific segment of a population having shared characteristics
22. Assortment The collection of goods or services that a business provides to consumers.
Created by: kcaverly
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