Entrepreneur

Question 1

Angel

Answer 1

A wealthy individual who is willing to invest personal money in interesting, high risk business venture with prospects of high returns in the future for equity holders.

Question 2

Break even point

Answer 2

The minimum sales revenue or total units sold needed for a business to be able to cover its own expenses and begin to make profit

Question 3

Business plan

Answer 3

A planning document for a new entrepreneurial venture that helps other people and the entrepreneur understand the business idea

Question 4

Cash flow forecast

Answer 4

Process of eliminating the cash that will be coming into a business and the cash that will be flowing out of the business during the same period of time

Question 5

Debt financing

Answer 5

Obtaining funds to start or operate a business by borrowing money that has been paid back to be a leader.

Question 6

Demand

Answer 6

The quantity of a good or service buyers are willing to purchase at various prices

Question 7

Entrepreneur

Answer 7

One who identifies market opportunities others have overlooked and who acts on those opportunities to create new goods, services, and the business ventures based on them

Question 8

equality financing

Answer 8

obtaining funds to start or operate a business by selling shares of ownership in the business

Question 9

expences

Answer 9

product cost plus operating expences

Question 10

Flyers

Answer 10

short, expenses printed paper materials that are used for mass advertising and or good services

Question 11

Good

Answer 11

something sold to customers that is physical. A good can be “touched”

Question 12

Interest

Answer 12

price being paid to the lender for using his or her money

Question 13

Logo

Answer 13

A graphical design is used by a business or organization to remind people of its name and objectives.

Question 14

loss

Answer 14

total expenses minus total revenue expended, over a period of time

Question 15

marketing appeals

Answer 15

approaches used to convince customers that they really need a good or service such as attractiveness.

Question 16

market opportunity

Answer 16

A potential good or service that people want and are willing to pay for and which others have overlooked

Question 17

market price

Answer 17

the price at which the quantity that buyers are willing to buy is equal to the quantity that sellers are willing to supply.

Question 18

market place

Answer 18

the name was given to the entire “area” of places where goods and services are sold and purchased.

Question 19

operating expences

Answer 19

costs that are required to cover the basic ongoing operation of the busiuness such as rent, advertizing, and utilities.

Question 20

opportunity cost

Answer 20

the next best alternative use to given up when resources are used for an item or activities

Question 21

product cost

Answer 21

usually refers to the cost of the actual materials and labor used to to produce the goods that are sold to customers. Also called cost or goods sold

Question 22

profit

Answer 22

total revenue minus told expences, over a period of time, when total revenue is greater than total expences

Question 23

revenue

Answer 23

total dollar amount of buisness recives from the sale of its goods or services over a particular period of time

Question 24

service

Answer 24

something sold to customers that is not physical and cannot be “touched”

Question 25

start up costs

Answer 25

total amount of money needed to get a busness up and running

Question 26

supply

Answer 26

the quantity of a good or services sellers are willing to supply at various prices

Question 27

target market

Answer 27

a smaller position of the overall main customer group for a particular buisness or industry

Question 28

veture capitalists

Answer 28

orginizations or indiviiduals who professionally provide equality finacing for enturpeneural ventures that are typically to risky for bank loans.