E OBJ 2.04 - 2.05 Vocab

Economy

• Surroundings

• The system in which people make and spend their incomes

• written description of your business's future, a document that tells what you plan to do and how you plan to do it

• Government environment

Political climate

• Government environment

• The system in which people make and spend their incomes

• Surroundings

• arrangement whereby a licensor grants the right to intangible property to another entity for a specified period, and in return, the licensor receives a royalty fee from the licensee

Fiscal Policy

• the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy

• arrangement whereby a licensor grants the right to intangible property to another entity for a specified period, and in return, the licensor receives a royalty fee from the licensee

• an expense a business incurs through its normal business operations

• an assessment of the practicality of a proposed plan or method.

Licensing

• the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy

• 1 page business plan template that helps you deconstruct your idea into its key assumptions

• written description of your business's future, a document that tells what you plan to do and how you plan to do it

• arrangement whereby a licensor grants the right to intangible property to another entity for a specified period, and in return, the licensor receives a royalty fee from the licensee

Business Plan

• written description of your business's future, a document that tells what you plan to do and how you plan to do it

• 1 page business plan template that helps you deconstruct your idea into its key assumptions

• the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy

• Government environment

Lean Canvas Business Model

• an expense a business incurs through its normal business operations

• arrangement whereby a licensor grants the right to intangible property to another entity for a specified period, and in return, the licensor receives a royalty fee from the licensee

• written description of your business's future, a document that tells what you plan to do and how you plan to do it

• 1 page business plan template that helps you deconstruct your idea into its key assumptions