enterprise Flashcards
(27 cards)
what are the 4ps
product , place , promotion ,price
what are the 4 stages of the product life cycle
introduction , growth , maturity and decline
what dose B2B stand for
business to business
what dose B2C stand for
business to consumer
what is a asset
things the business owns
what is a liability
something the business owes
what is an example of a fixed asset
vehicle equipment and buildings
what is the order of purchase list them
purchase order
delivery note
goods received note
invoice
receipt
credit note
statement of account
what is the negative of cash
easy to steal or lose
what is the positive for direct debit
it dose it automatically don’t need to worry
what is the definition of start up cost with one example
a item that you buy when you first get your business like machinery or vehicles that will need to be replaced but will last a long time and dont pay it monthly
why is it important to have a good brand image
to attract customers and create customer loyalty
how much is vat normally
20 %
what are the 7 stakeholders
owners, mangers, lenders ,employers , suppliers , government , customers
what is the negative of a credit card
added interest
what is a positive of debit card
no added interest
what could a business have to do to avoid liquidity
sell assets , improve brand image to improve revenue
what is revenue
the money you make before outflows
what does good brand image do for a business
it will attract new and loyal customer will lead to revenue
what can effect the choices of marketing methods
- cost to a enterprise
- ## competitors activities
why is segmenting the market a good thing
it will make it easier to target the people that are more likely to buy your product
what are some internal sources of finance
cash in the bank
family and friends
selling assets
what are some external sources of finance
loan
peer to peer lending
crowd funding
what is a negative of a loan
it has interest causing you paying back more than you borrowed
