Chapter 2.1 Notes Vocab 2
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| Business Plan | Is a document that describes all aspects of the business.
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| Business Philosophy | Outlines the beliefs about how the business will be operated.
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| Trading area | Is the geographic area in which a business is located. Trade, do reasearch for the business. Also anillize the competion.
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| Job description | Is a written statement that defines that particular requirements of a job.
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| Capital | Is the money needed to finace the business's operations.
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| Self Aniliss | To anilize empolyiess for there experience for the business.(Aniliss on you.)
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| Market Segmation Aniliss | Who your tarket market is. Rent or Buy
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| Procamny of the Competion | Near or Far from the competion.
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| Ownership there are four types, what are they? | Sole partership, Partership, Limited partership, and Corporation.
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| Sole Partership | Single mangaer can get sued.
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| Partership | More than one perosnal share the sued.
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| Limited Partership | More than one owner, only one runs it.
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| Coproration | Only the coproration can be sued.
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| DBA | Name your own business (Do Business As)
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| Linence + Permits | Vitulers, fire permit, insuense, diffent inspections for a busineess to run lawfully.
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| Plan personal | Plan to give money to business.
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| Expenses | Utilines, Rent, Surplies, Equiment/tolls, Labor, and Insuense Businness $ to buy stuff they need.
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| Suppliey On Demend | Demend on the suplies
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| Promate your Business | $ to promate busineess
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| Public relationan | Business thatsupport the people.
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| Inversters | $ of the business,& how to pay back.
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