Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
1.01 key terms
Nature of Business Plans
| Term | Definition |
|---|---|
| Accounting | The process of keeping and interpreting financial 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 particular market |
| Bottom Line | Net Outcome |
| Business model | The companys method or plan for making money |
| Business plan | A company's blueprints for success; shows how the business works now and how it is intened to work in the future; the written business model |
| Business Structures | The companys configuration of employees for accomplishing specific business taks; how the business is organized |
| Capital investment | The amount of money the business has invested in its goods and other property |
| Capital Structure | The organization of the influx and outflow of the company'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; determains 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 sent on a given activity |
| Equity | Assets minus liabilities; alos known as stockholders' (or shareholders) equity, book value, and net worth. |
| Executive Summary | The most important part of a companys business plan because it gives an overveiw of the entire document; used to determain whether it is worthwhile to read any further |
| Finance | The process of obtaining funds and using them achieve the goals of the business |
| Financial plan | The part of a companys business plan that shows how the business has performed (or is likely to perform) financially; how a business intends to use its money |
| Financial resources | All the sources of money availiable to a business or project |
| Financing costs | Funding a bsuiness activity or project through debt, equity, or venture capital |
| Fixed assets | Items of value a business owns that are not expeted to change, e.g., buildings |
| Funding | money available to a business fro one or more sources |
| Human resources | 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; also called the profit-and-loss statment |
| Letter of intent | A documnet communicating what a person or business intends to do within (or during) a specific timeframe |
| Liabilities | Responsiblities of the business, especially legal responsiblities |
| Life cycle | The stages through which goods and services move from the time they are introduced on the market untill they are taken off the market |
| Management | The process of coordinating rescources in order to accomplish an organizations goals |
| Market analysis | A systematic study of the market |
| Market position | The rank of a particular business in a specific market |
| Marketing | An organizational function and a set of process for creating, communicating, and delivering value to customers and for mnaging customer relations in ways that benifit the organization and its stakeholders |
| Marketing plan | A set of procedures or strategies for attracting the target customer to a business |
| Niche | The small segment of the total market interested in a subject |
| Operations | The day-to-day activities required for contuinued business functioning |
| Physical rescources | Material items used to accomplish another activity |
| Product | The good, service or idea a business offers its customers |
| Product Development | The efforts involved in the creation of a new product |
| Product promotion | A type of promotion that aims to persuade consumers to bye a good or service |
| Profit | Monetary Reward a business owner recives for taking the risk involved in investing ina abusiness income left once all expenses are paid |
| Resources | any item that is used to accomplish another activity such as producing/ providing goods and services |
| Return on equity | financial ratio calculated by dividing net income by book value |
| return on investement | financial ratio calculated by dividing net profit by investment |
| Risk management plan | a abusiness document that involves the planning controlling , preventing, and procedures involved in limiting business losses optimizes the relationship of potential loss to gain |
| Royalities | a percentage of actual sales that a license pays to a licensor; usually anywhere from 5 to 15 perecent |
| Sales volume | the amoount of a firms sales usually expressed in dollars |
| Stragic plan | long range plan for the company as a whole usually three to five years out |
| Stategy | plan of action for achieving goals and objectives |
| table of contents | the portion of a document in which the sections are listed with their page number |
| Target market | the particular group of customers a business seeks to attract |
| Third party agreement | legal or financial arrsngement in which two companies do business through (or using) a third company |
| venture | a business project, usually new |
Created by:
karen.e542
Popular Business sets