Day 2

Question 1

Stakeholder

Answer 1

A person or group with an interest or concern in a business.

Example: “We need to keep our stakeholders informed about the new project.”

Question 2

Revenue

Answer 2

Income generated from normal business operations.

Example: “The company’s revenue increased by 15% last quarter.”

Question 3

Profit margin

Answer 3

The difference between the cost of producing something and the price at which it is sold.

Example: “We need to increase our profit margin to remain competitive.”

Question 4

Market share

Answer 4

The portion of a market controlled by a particular company or product.

Example: “Our goal is to capture a larger market share this year.”

Question 5

Assets

Answer 5

Resources owned by a company that have economic value.

Example: “The company’s assets include real estate, equipment, and inventory.”

Question 6

Liability

Answer 6

A company’s legal debts or obligations.

Example: “The firm has been reducing its liabilities to improve its financial health.”

Question 7

ROI (Return on Investment)

Answer 7

A measure used to evaluate the efficiency of an investment.

Example: “We expect a higher ROI from this new marketing campaign.”

Question 8

Dividend

Answer 8

A portion of a company’s earnings distributed to shareholders.

Example: “The board decided to increase the dividend payout this year.”

Question 9

Capital

Answer 9

Wealth in the form of money or assets available for a purpose.

Example: “We need more capital to expand our operations.”

Question 10

Merger

Answer 10

The combination of two or more companies into one.

Example: “The merger between the two tech giants shocked the industry.”

Question 11

Acquisition

Answer 11

The act of acquiring control of another company.

Example: “Our company’s latest acquisition will expand our market presence.”

Question 12

Liquidity

Answer 12

The availability of liquid assets to a company.

Example: “The company has enough liquidity to cover its short-term obligations.”

Question 13

Equity

Answer 13

The value of shares issued by a company.

Example: “He has a significant amount of equity in the company.”

Question 14

Fiscal year

Answer 14

A one-year period that companies use for accounting purposes.

Example: “The company’s fiscal year ends in December.”

Question 15

Benchmarking

Answer 15

The process of comparing one’s business processes to industry bests.

Example: “Benchmarking helps us identify areas for improvement.”

Question 16

KPI (Key Performance Indicator)

Answer 16

A measurable value that shows how effectively a company is achieving its goals.

Example: “Customer satisfaction is a crucial KPI for our team.”

Question 17

Cash flow

Answer 17

The total amount of money being transferred into and out of a business.

Example: “Positive cash flow is essential for the sustainability of a business.”

Question 18

Break-even point

Answer 18

The point at which total revenue equals total costs.

Example: “We reached our break-even point within the first six months.”

Question 19

Brand equity

Answer 19

The value derived from consumer perception of the brand.

Example: “Strong brand equity allows us to charge premium prices.”

Question 20

Supply chain

Answer 20

The sequence of processes involved in the production and distribution of a product.

Example: “Improving the supply chain efficiency can reduce costs.”

Question 21

Outsourcing

Answer 21

Obtaining goods or services from an external source.

Example: “The company is outsourcing its customer service to reduce expenses.”

Question 22

Scalability

Answer 22

The capability of a business to grow and manage increased demand.

Example: “The new software offers great scalability for our operations.”

Question 23

Overhead

Answer 23

Ongoing business expenses not directly attributed to creating a product or service.

Example: “Reducing overhead costs can significantly increase profits.”

Question 24

Market penetration

Answer 24

The extent to which a product is recognized and bought by customers in a particular market.

Example: “We’re focusing on market penetration strategies to increase sales.”

Question 25

Joint venture

Answer 25

A commercial enterprise undertaken jointly by two or more parties.

Example: “The joint venture with a local firm will help us expand our presence in Asia.”