Entrepreneurship Vocabulary

1. Helping a customer with a product they need to find
6. A business earned $6,000 in profit after all their products were sold out
8. is a quick description of your business that you use to explain it to customers
10. Business costs that stay the same every month and must be paid. Ex: rent, insurance and salaries
12. When two or more people start a business
13. Is when a business’s expenses and sales equal zero because the business has sold exactly enough units to its fixed expenses
14. The total amount of money a business earns from selling things
16. Owned by one person
17. A business that doesn’t sell the same products as you, but still competes with you because customers might pick it instead of your product to get the same result.
19. The amount of money a business has available to use for its day to day needs, like an example, paying workers and buying supplies.
20. Capital The finances required by a new business to pay for essential fixed and current assets before it can open for business
21. A person who runs or starts a business by their self
22. Cannot spend no more of the amount of money given
23. Things a business owns that have value, like money, building and equipment
26. A company selling products to a business for their own use and not selling to customers
27. Money a business has to pay back like loans and debts

2. Two or more people starting a business
3. The total sales of a product in a given time period
4. The 4 P's of marketing
5. Trying to complete all your business goals and finding a way on how to complete it
7. Trying to sell products from one's business
9. Products that are made to be sold then used
11. A business that sells the same very product as you and tries to sell it to different customers
15. A short and clear description to explain your business idea so others can understand and support your idea
18. Owned by multiple stockholders
24. When a business is in a big debt/loss of money
25. A business selling their products directly to their customers