Basic Words To Understand In Business Flashcards

1
Q

What does ROI stand for in business?

A

Return on Investment

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2
Q

What is the definition of revenue in business?

A

Income generated from the sale of goods or services

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3
Q

True or False: Profit is the amount of money left after deducting expenses from revenue.

A

True

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4
Q

What is a balance sheet used for in business?

A

To show a company’s financial position at a specific point in time

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5
Q

What is the purpose of a business plan?

A

To outline the goals and strategies of a business

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6
Q

What does KPI stand for in business?

A

Key Performance Indicator

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7
Q

True or False: Cash flow is the movement of money in and out of a business.

A

True

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8
Q

What is the definition of a target market in business?

A

A specific group of consumers that a company aims to reach with its products or services

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9
Q

Fill in the blank: ROI is calculated by dividing the ____________ by the cost of the investment.

A

Return

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10
Q

What is the difference between revenue and profit?

A

Revenue is total income generated, while profit is the amount left after expenses are deducted

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11
Q

What does SWOT analysis help businesses identify?

A

Internal strengths and weaknesses, as well as external opportunities and threats

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12
Q

True or False: A business model describes how a company creates, delivers, and captures value.

A

True

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13
Q

What is the purpose of market research in business?

A

To gather information about customers, competitors, and market trends

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14
Q

What is the definition of a profit margin in business?

A

The percentage of revenue that represents profit after expenses are deducted

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