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Stack #4557327
| Question | Answer |
|---|---|
| Acquisition | The process of taking possession of something(e.g., acquiring another business by purchasing it |
| Articulate | To clearly express |
| Bias | An inclination to have a certain perspective in favor or against a person, group, or thing; prejudice |
| Business plan | A company's blueprint for success; shows how he business works now and how it is intended to work in the future; the written business model |
| Chain of command | The flow of authority in an organization; also known as 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 cost | Business cost that are not affected by changes in sales volume; also known as fixed expenses |
| Logistics | The coordination of how a business will come to life |
| Market analysis | A systematic study of a specific market |
| Merger | Two individual businesses that combine to form one organization |
| Operating expenses | All the expenses involved in running a business that are not directly related to production |
| Organizational chart | A graphical representation of the flow of authority in an organization |
| Production cost | Expenses directly associated with the creation of products |
| Profitability analysis | A financial breakdown that allows owners/managers to determine when a business venture will break even or start making a profit |
| Revenue | Income |
| Startup cost | All he expenses involved with setting up a new business and introducing a new product to market |
| Unfeasible | Difficult or impractical |
| Variable cost | Business cost that change according to changes in sale volume; also known as variable expenses |