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EII obj 1.01
LAP Sm-007 Nature of Business Plan
| Term | Definition |
|---|---|
| accounting | the action or process of keeping financial accounts |
| appendices | the extra bits of information that describe or lend support to a point made in the document |
| balance sheet | a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. |
| barrier to (market) entry | factors that can prevent or impede newcomers into a market or industry sector, and so limit competition |
| bottom line | a company's earnings, profit, net income, or earnings per share |
| business model | a company's plan for making a profit |
| business plan | a document that details a company's goal and how it intends to achieve them |
| business structure | the legal and operational boundaries of the business, stimulating how activities such as governance, taxation, liabilities, and profit-sharing are to be approached |
| capital investment | the acquisition of physical assets by a company for use in furthering its long-term business goals and objectives. |
| capital structure | a company's mix of capital-its debt and equity |
| cash flow | the net amount of cash and cash equivalents being transferred in and out of a company |
| cost estimate | the process of forecasting the cost and other resources needed to complete a project within a defined scope |
| equity | the value of the shares issued by a company |
| executive summary | a written account that gives an overview of the main points of a longer report, business plan,etc |
| finance | matters regarding the managing, creation, and study of money and investments |
| financial plan | a documen that details a person's current financial circumstances and their short-and-long term monetary goals |
| financial resources | the funds and assets that finance an organisations activities and investments |
| financing costs | the cost, interest, and other charges involved in the borrowing of money to build or purchase assets |
| fixed assets | a long-term tangible piece of property or equipent that a firm owns ans uses in its operations to generate income |
| funding | a pool of money that is allocated for a specific purpose |
| human resources | the division of a business that is charged with finding, screening, recruiting, training job applicants, and administering employee-benefit programs |
| income statement | reports a companys financial performance over a specific accouting period |
| letter of intent | a document containing a declaration of intentions of the writer |
| liabilities | things a person or company owes, usually a loan |
| life cycle | the stages of growth and decline a product experiences between being introduced to conumers and being discontinued. |
| Management | the process of planning, organizing, directing, and controlling the activities of a business or organization to achieve its goal and objectives |
| market analysis | gathering and analyzing data to understand market size, growth potential, target audience, and competitive landscape. |
| market position | establishing the image or identify of a brand or product so that cosumers perceive it in a certain way |
| marketing | activities a company undergoes to promote the buying or selling of a product or service |
| marketing plan | the advertising strategy that a business will implement to sell it product or service |
| niche | a market segment where certain products and services are in demand |
| operations | activities that |
Created by:
stephanie.h887
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