Bec-A Vocab Ch 1-6 Flashcards
(37 cards)
Entrepreneur
Someone who starts his or her own business especially when it involves a new opportunity
Equity value
The value of a company which is divided into many equal parts owned by the shareholders
To manufacture
To produce goods in large numbers usually in a factory using machines
Patent
The official legal right to make or sell an invention for a particular number of years
Pitch
A speech or act which attempts to persuade someone to buy or do something
Retail
The activity of selling goods to the public usually in small quantities
Wholesale
The Sale of goods in quantity, as to retailers or jobbers for resale
Return on investment (ROI)
The amount of money that investor can expect to make on his or her investment in a business
Revenue
The income that a government or company receives regularly
Commodity
A substance or product that can be traded, bought or sold
Stake
A share of a financial involvement in something such as a business
Shares
The equal parts into which the ownership of the company is divided
Shareholder
A person who owns shares
Profit
The money received after all expenses have been met
Profit margin
The difference between the cost of producing something and the price at which you sell it
Supply
The amount of something that is available for use
Demand
The need or desire that people have for particular goods and services
Supply and demand
The relationship between the quantity of goods for sale and quantity of goods that people want to buy
Turnover
The amount of business that a company does in a period of time
To launch
To introduce to the public or to a market
Features
Special characteristics of a Product usually leading to certain benefits
Benefits
Advantages of a product or service derived from its features
Competitor
A person, team, or a company that is competing against others
Competition
Rivalry between two or more business striving for the same customer or market
