Foods II 1.01 Vocabulary

An idea for a new business that can be tested.

The group a business is interested in making the focus of all the company’s efforts.

The pathways to customers; accomplished through advertising

All the expenses required to start your business

The favorable position an organization seeks to be more profitable than its competitors.

Money that comes into the business

The fixed and variable costs

A thing that you can touch or a service that you can offer which is sold to your customers.

One who organizes, manages, and assumes the risks of a business or enterprise.

Indicators for evaluating factors that are crucial to the success of a business.