Review 2

Front

Income statements provide revenue, expenses, and profitability.

Back

True

Front

What is the equation for break even?

Back

Fixed / (selling price – variable cost per unit)

Front

When trying to get venture capital what do you need to have?

Back

Exit Strategy & Business Model

Front

Design Thinking Process helps with problems and solutions along with high emphasis on customers empathy. True or False?

Back

True

Front

What is a pitch deck?

Back

short and sweet to the point

Front

Affiliate sales programs offer commission to companies who buy their products. True or False?

Back

False

Front

What do you need to obtain funding for a business?

Back

Market fit, expenses, and a plan

Front

Driving lesson is a product or service?

Back

Service

Front

Clothes in a store a product or service?

Back

Product

Front

What is single owner and need to protect their personal property?

Back

LLC