Entrepreneurship

5. Total amount of money that the business receives for goods sold or services provided during a certain period
6. Consistently make something to meet a specific standard of quality
7. Is one part of the marketing process which focuses on the needs of the seller. The focus is on selling the product, not the buyer
9. Are the costs that remain the same regardless of how many products are made.
13. A group of people who want to purchase your product or service and are willing to pay the price you are charging for it.
14. The money that is earned by an employee who is appointed in a permanent capacity. This payment is made monthly, and not weekly like it is done with wages.
15. A written description of an item, including details about the size of the article and its appearance.
16. Using resource in such a responsible way, that no harm is done to the environment, ensuring that future generations will also have the use of the resources. Natural resources are not being exhausted.

1. This is the point where the income and expenses of a business is the same. It means the business is not making a loss, or a profit.
2. Necessary, regular, expenses that keep a business running, such as electricity, insurance, salaries, and rent.
3. A written document describing in detail how a business will be started.
4. This refers to the staff members or employees working in the business.
8. The ability of a business to make a profit.
10. The money needed to start a business.
11. Supplying a product to customers or outlets where they can purchase it
12. Is a process that focuses on the needs of the customer, and then provides the correct product at the correct price to satisfy the customer’s needs
15. A successful business that is making a profit and is therefore sustainable