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EOPA KParsons3

Entrepreneurship

QuestionAnswer
Factoring using an outside company to recover debts, obtaining funding by selling account receivable
Debt Financing funds raised through various forms of borrowing that must be repaid (e.g. trade credit, bank loan, issuing bonds)
Product Life Cycle Four stages that product goes through over its life: introduction, growth, maturity, and decline.
What is quality control? The process of a business that seeks to ensure the quality of their products/services meet the customer needs by testing their products or services
Marketing Concept the idea that the social and economic justification for an organization's existence is the satisfaction of customer wants and needs while meeting organizational objectives
As it relates to management, the word efficiency means? Efficiency means getting work done, with a minimum of effort, expense, or waste
Marketing Plan A written document that acts as a guidebook of marketing activities for the marketing manager
Target Markets Identified segments of the market that a business wants to have as their customers.
The term for researchers to determine factors, conditions, and characteristics of market is Market analysis
Created by: keyerap17