Business plan - definitions Flashcards
1
Q
competitive advantage
A
what an organization can do better than its competitors
2
Q
sustainable
A
able to continue over a period of time
3
Q
sales forecast
A
the sales business expect to achieve in a particular period of time
4
Q
break-even point
A
where total costs equal total income from sales and the company makes neither a profit nor a lost
5
Q
revenue
A
the total income received by a business before any expenses are paid
6
Q
exit strategy
A
an investor’s plan for getting their investment back and potentially realizing a profit
7
Q
founders
A
the people who establish a company or other organization
8
Q
staff
A
the people who are employed in an organization
