Business Vocabulary

What is an Entrepreneur?

• someone or something considered to be important or beneficial.

• a problem solving technique that involves free contribution of ideas from members.

• someone who has experience in a specific field and give help or advice.

• a person who wants to solve a problem and who makes that solution into a viable business.

What is a Social Entrepreneur?

• someone that posts advertising on social media

• someone who has experience in a specific field and give help or advice.

• a person with the mindset to solve a problem that benefits the social good.

What are values?

• the monetary value of the materials, resources and time incurred to develop and create a product or service.

• the ability to understand and share the feelings of another.

• someone or something considered to be important or beneficial.

What is advertising?

• the act or practice of calling public attention to one's product, service, need, etc.

• a unique design, sign, symbol, words, or a combination of these, that create an image that identifies a product and sets it apart from its competitors.

• meaningful catchphrase or slogan, usually used in advertising or communications.

What are customer segments?

• someone who has experience in a specific field and give help or advice.

• groups of people who are likely to purchase a specific product or service solution.

• a good or service created as a result of a process and serves a need or satisfies a want.

What is a budget?

• money received from the sale of goods or services.

• money spent or costs incurred to generate revenue.

• the total money set aside for a needed purpose.

• the money gained from the sale or sales after expenses are paid.

What is an investment?

• money lended to a startup or an entrepreneur to help pay for the costs required to create a

  product or provide a service. This money is normally expected to be returned after revenue is made.

• the total money set aside for a needed purpose.

• data and information from a marketplace that can be used to increase sales.

What is a profit?

• money spent or costs incurred to generate revenue.

• the money gained from the sale or sales after expenses are paid.

• money received from the sale of goods or services.

What is the definition of a problem?

• information about reactions to a product, a person's performance of a task, etc., used as a basis for

  improvement.

• a product or service that can be sold to customers to solve a specific problems or need.

• an unwelcome situation or fact to address. OR the need or want we can meet.

What is the definition of a solution?

• a product or service that can be sold to customers to solve a specific problems or need.

• an unwelcome situation or fact to address. OR the need or want we can meet.

• The way in which we measure the goals of our product or service.