Entrepreneurship & Small Business Terms

Front

Costs incurred by a business for property or equipment are considered what kind of costs?

Back

Acquisition Costs

Front

__________ __________ refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor.

Back

Customer Retention

Front

The point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business describes which term?

Back

Break-Even Point

Front

What term does the image represent?

Back

Supply Chain

Front

What does ESOP stand for?

Back

Employee Stock Ownership Plan

Front

A ___________ agreement is a legal agreement that binds one or more parties to non-disclosure of confidential or proprietary information.

Back

Confidentiality

Front

An interest calculation that accrues the interest percentage for each of a loan is considered?

Back

Compound Interest

Front

The amount of revenue for a given period of time, which consists of gross sales minus sales return. (Revenue = Gross Sales - Sales Return)

Back

Net Sales

Front

A Pitch Deck is a brief presentation, often created using PowerPoint, Keynote or Prezi, used to provide your audience with a quick overview of your business plan. It is usually 10-20 slides, highly visual, and used to get investors attention. True or False?

Back

True

Front

What is an example of a business not needing a permanent lawyer and using a contract with a law company for legal services?

Back

Outsourcing