8th 12 Flashcards
specializes in fulfilling a service on behalf of the product/company owner
fulfillment
bridge between an idea and a business plan
business concept
the action of supplying goods to the customer
distribution
process of investigating the big picture of a specific industry for a niche
feasibility
a great concept statement that present a business idea as utmost importance
executive summary
proof of plausible financial growth through instating specific steps
development plan
usually 1-3-5 year statement that presents a business idea as utmost importance
financial plan
graphic representation of obtaining goals from both the development and financial plans
time line
a change or process of change which allows profit to be better suited to the business environment
adaptation
ability to exert influence over another
bargaining power
creating an unique name and image for a product
branding
concentrating all marketing efforts on a small but specifically defined segment of an industry
niche