Unit 2 Test 3rd Period

income remaining for a person to spend or save after taxes have been paid

• market analysis

• disposable income

• licensing

• subsidy

The government's way for dealing with the budget

• Physical Policy

• Fiscal Policy

• вежба

• Monetary Policy

Tariffs

• Taxes on imported goods

• The physical and social characteristics of a population.

• Two different products that satisfy the same need. (Kindle vs paperback book)

• Collecting information about the external environment surrounding your business.

Fiscal policy

• Government policy that attempts to manage the economy by controlling taxing and spending.

• A business's controllable surroundings

• Government policy that attempts to manage the economy by controlling the money supply and interest rates.

• A business' external, uncontrollable surroundings

An entrepreneur is someone who works for themselves.

• True
• False

An agreement that allows a company to use some process, trademark, patent, or other right for a fee or royalty.

• Licensing

• Licensor

relating to the population and particular groups within it.

• demographics

• public sector

• market analysis

• neighborhood watch

a one page business plan with nine sections

• Business plan

• Lean Canvas Business Plan

• Feasibility Study

• Profit Analysis

Organizational chart is

• a picture on the wall of the business

• a visual representation of the structure and reporting relationships in the organization

• a chain of command

Profitability Analysis

• a formal written document

• the process of locating and describing potential customers

• visual represention of a business

• provides evidence concerning the earnings potential of a company and how effectively the firm is being managed