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EII obj: 1.01

TermDefinition
Accounting the process of keeping and interpreting finacial records
Appendix a segment added to the end of a document; includes supporting information
Balance Sheet a financial statement that captures the financial condition of the business at that particular moment
barrier to (market) entry anything that blocks the way or makes it more difficult to enter a particular market
Bottom line net outcome
Business model the company's method or plan for making money
Business plan a company's blueprint for success; shows how the business works now and how it is intended in the future
Capital investment the amount of money the business has invested in its goods and other property
business structure the company's configuration of employees for accomplishing specific business tasks
capital structure the orginization of the infux and outflow of the compay's money including where the money goes on a regular basis; how a business pays for its operations
Cash flow the movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time
Cost estimate a ball-park figure (or guess)of how much will be spent on a given activity
Equity Assets minus liabilities; also known as stockholders' equity,book value, and net worth
Executive Summary the most important part of a company's business plan because it gives an overview of the eqntire document
Finance the process of obtaining funds and using them to acheive the goals of the business
financial plan the part of a company's business plan that show how the business has performed financially; how a business intends to use its money
Financial resources all the sources of money avaliable to a business or project
Financing costs funding a business activity or project through debt, equity, or venture capital
Fixed assets items of value a business owns that are not expected to change
funding money availiable to a business fromone or more sources
Human recources people who work to produce goods and services
Income statement a financial summary that shows how much money the business has made or has lost over a period of time
Letter of Intent a document communicating what a person or business intends to do within a specific timeframe
Liabilities responsibilities of the business, especially legal responsibilities
Life cycle The stages through which goods and services move from the time they are introduced on the market until they are taken off the market
Management the process of coordinating resources to accomplish an organization's goals
Market analysis A systematic study of the market
Market Position the rank ofa particular business in a specific market
Marketing an organization for creating, communicating, and delivering value to customers and for managing customer relations that benefit the organization
marketing plan a set of procedures for attracting the target customer to a business
Niche the small segment of total market
Operations day-to-day activities required for business function
Physical recources materials for activities
product goods or services the business offers
Created by: GabrielRO
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