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
2.04 Vocab
Entrepreneurship Honors Flashcards
| Question | Answer |
|---|---|
| Articulate | Clearly expressed |
| Bias | Prejudice, partiality |
| Business Plan | A company’s blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model |
| Chain of Command | The flow of authority within an organization; also called line of command |
| Demographics | The physical and social characteristics of the population |
| Feasibility Study | An organized inquiry into the possible success of a business idea or venture |
| Fixed Costs | Business costs that are not affected by changes in sales volume |
| Logistics | The coordination of how a venture will come to life (e.g., work space, materials, technology, etc.) |
| Market Analysis | A systematic study of the market |
| Merger | Two individual businesses that combine to form one organization |
| Operating Expenses | All of the expenses involved in running a business |
| Organizational Chart | A graphical representation of the flow of authority within an organization |
| Profitability Analysis | A financial breakdown that allows owners/managers to determine when a business venture will break even or start turning a profit |
| Revenue | Income |
| Start-up Costs | All of the expenses involved in setting up a new business or introducing a new product to the market |
| Unfeasible | Difficult, impossible |
| Variable Costs | Business costs that change according to changes in sales volume |
| Acquisition | The process of taking possession of something (e.g., acquiring another business by purchasing it) |
Created by:
StudyStackerrr
Popular ACT sets