Business Terms-Solar Buddies Flashcards
1
Q
Entrepreneur
A
Business owner
2
Q
Business proposition
A
The idea/Innovation
3
Q
Unique Selling Point(USP)
A
What makes your product different
4
Q
Turnover(Sales)
A
The total revenue you get from sales over a period of time
5
Q
Profit
A
The total revenue minus the total cost
6
Q
E commerce
A
Online Sales
7
Q
Retail
A
High street shops/stores
8
Q
Patent
A
A legal document that protects your design
9
Q
Gap in the market
A
A space where nobody’s currently offering a product or service
10
Q
Investment
A
Money that your putting into your business or someone else’s business
