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EOPA ELawrence1
Entrepreneurship Pathway
| Term | Definition |
|---|---|
| Operational Planning | the process of setting work standards and schedules necessary to implement the company's tactical objectives |
| Unsought Goods | items that the consumer either does not know about or knows about but does not initially want |
| PMI | PMI = Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column |
| Amortization | the loss in value of an intangible asset (e.g. the purchase of a license or trademark) |
| Accrued Salaries | salaries paid for after the service has been performed, typically includes future bonuses |
| Fixtures | part of a building that cannot be moved, such as lights; personal property so securely attached to real estate that it becomes part of the real estate |
| Maturity Stage | The product life cycle stage in which sales peak and then increase at a slower rate or start to decline |
| Leverage (Debt) Ratios | measure the degree to which a firm relies on borrowed funds in its operations |
| Equity Financing | money raised from within the firm, from operations or through the sale of ownership in the firm (e.g. reinvested earnings, sale of assets, issue of new shares) |
| Retained Profit | reserves, the amount of profit which is kept back by a business for future investment |
Created by:
elawrence17
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