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Marketing Vocab

Chapter 2.1 Notes Vocab 2

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