Entrepreneurship I: Objective 2.04 Vocabulary Test

The process of taking possession of something (e.g., acquiring another business by purchasing it).

• Acquisition

• Articulate

• Logistics

• Merger

Clearly expressed.

• Acquisition

• Logistics

• Articulate

• Demographics

Prejudice, partiality.

• Market Analysis

• Articulate

• Bias

• Acquisition

A company’s blueprint for success; shows how the business works now and how it is intended to work in the future; the written business model.

• Market Analysis

• Profitability Analysis

• Organizational Chart

• Business Plan

The flow of authority within an organization; also called line of command.

• Chain of Command

• Organizational Chart.

• Logistics

• Feasibility Study

The physical and social characteristics of the population.

• Demographics

• Market Analysis

• Logistics

• Profitability Analysis

An organized inquiry into the possible success of a business idea or venture.

• Logistics

• Feasibility Study

• Market Analysis

• Business Plan

Business costs that are not affected by changes in sales volume.

• Variable Costs

• Fixed Costs

• Operating Expenses

• Start-up Costs

The coordination of how a venture will come to life (e.g., work space, materials, technology, etc.).

• Feasibility Study

• Market Analysis

• Logistics

• Demographics

A systematic study of the market.

• Feasibility Study

• Profitability Analysis

• Logistics

• Market Analysis