Business Terms

5. a business model where an owner licenses a their established brand in exchange for fees and royalties
8. to trade by exchange of commodities rather than by the use of money.
9. the final use of goods, services, or raw materials to satisfy needs or facilitate production
12. a business structure where two or more people own
14. refers to an arrangement where a business receives goods and services immediately, but pays later, usually with interest
15. The Red a business losing money, or in debt
16. accounting entry made on the left side of a ledger account that increases assets
17. Proprietorship a simple business structure owned by an individual, where there is no legal distinction between the owner and the business
20. someone who starts their own business
21. a legal claim or hold placed on a person’s property (like a house or car) by a creditor to ensure repayment of a debt
23. a business method of asking a targeted group of people
24. a manager within a company who promotes innovative product development marketing

1. rivalry between companies that offer similar products to the same audience
2. successfully applying new ideas to solve problems and improve efficiency to create value to customers
3. Enterprise a business owned by private investors
4. borrowed money by a company that must be repaid to a lender, usually with interest, over a set period
6. an early, working sample or rough model of a product for testing
7. a single item of ownership having exchange value
9. the money, assets, and resources a company uses to operate, produce goods, and grow.
10. total money a business receives from selling goods
11. a market structure where a single company is the exclusive seller of a product or service with no close substitutes
13. The Black a business making a profit, earning more money than it spends
18. a new project or invested aimed at making money
19. a financial instrument which represents partial ownership of a corporation
22. Enterprise a business owned and financed by the government