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Marketing Research
Term | Definition |
---|---|
Entrepreneur | Someone who starts and operates a business or company |
Sole Proprietorship | A business ran by one person |
Partnership | A business started and ran by two people |
Corporation | a business that is registered by the state |
Limited Liability Corporation | A company or Business that has managers and owners who enjoy limited liability with tax benefits |
Competition | The act of two or more parties competing or challenging each other towards a certain goal |
Investment | The process of saving money to use in the future |
Capital | Money that you use to start a business or use to save to make more money |
Non Profit Corporation | Legal business that makes money for reasons apart from the owners |
Sub-chapter S Corporation | A business that is set up like a corporation, but taxed like a partnership |
Equity | a fancy word for money |
Profit | a financial gain |
Risk | The danger of losing something |
Venture | An activity where there is a risk of losing something |
Economic resources | resources that can make goods and services |
Expenses | the costs of operating a business |
Primary data | Data gathering by yourself |
Secondary data | Data gathered by somebody else |