The process of taking possession of something (e.g., acquiring to another business by purchasing it.)

An inclination to have a certain perspective in favor of or against a person, group of people, or thing; prejudice.

A company's blueprint for success; shows how the business works now and how it is intended to work in the future; written business model.

The flow of authority within an organization; also known as line of command.

The physical and social characteristics of the population.

An organized inquiry into the possible success of a business idea or venture.

Business costs that are not affected by changes in sales volume; also known as fixed expenses.

The coordination of how a venture will come to life (workplace, materials, technology, etc.)

A systematic study of a specific market.

Two individual businesses that combine to form one organization.

All of the expenses involved in running a business that are not directly related to production.

A graphical representation of the flow of authority within an organization.

Expenses directly associated with the creation of products (e.g., raw materials.)

Profitability Analysis

A financial breakdown that allows owners/managers to determine when a business venture will break even or start turning a profit.

Al of the expenses involved in setting up a new business or introducing a new product to the market.

Difficult, impractical, or impossible.

Business costs that change according to changes in sales volume; also known as variable expenses.

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Term	Definition
Acquisition	The process of taking possession of something (e.g., acquiring to another business by purchasing it.)
Articulate	To clearly express.
Bias	An inclination to have a certain perspective in favor of or against a person, group of people, or thing; prejudice.
Business Plan	A company's blueprint for success; shows how the business works now and how it is intended to work in the future; written business model.
Chain of Command	The flow of authority within 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 Costs	Business costs that are not affected by changes in sales volume; also known as fixed expenses.
Logistics	The coordination of how a venture will come to life (workplace, materials, technology, etc.)
Market Analysis	A systematic study of a specific market.
Merger	Two individual businesses that combine to form one organization.
Operating Expenses	All of the expenses involved in running a business that are not directly related to production.
Organizational Chart	A graphical representation of the flow of authority within an organization.
Production Costs	Expenses directly associated with the creation of products (e.g., raw materials.)
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.
Startup Costs	Al of the expenses involved in setting up a new business or introducing a new product to the market.
Unfeasible	Difficult, impractical, or impossible.
Variable Costs	Business costs that change according to changes in sales volume; also known as variable expenses.

Created by: brenda.m389

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