Business Terms Flashcards

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Impulsive Buy

Back

Buying something without planning because you suddenly want it.

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Trade Name

Back

The name a company uses for its business or product.

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Profit Margin

Back

The amount of money a company keeps as profit after paying costs.

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Upfront Investment

Back

The money you need to pay before starting a business or project.

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Niche Market

Back

A small, specific group of customers with unique needs.

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Luxury Goods

Back

Expensive products that show status and wealth.

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Start-Up

Back

A new company, usually with an innovative idea.

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Word-of-Mouth

Back

When people tell others about a product or service.

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Sales Gimmick

Back

A trick or strategy to attract customers and increase sales.