Learn Key Glossary

Cost incurred by a business

• fixed cost

• acquisition cost

• variable cost

• semi fixed cost

A form of protection individuals can implement to protect their intellectual property

• Patent

• Contract

• Copyright

• Royality

A type of business structure with a special tax advantage that allows the company to pass its income, losses, deductions and credits through to its shareholders.

• C Corporation

• Limited Liability Corporation

• Partnership

• S Corporation

How a business sells its products and services to the end customer

• sales environment

• sales channel

• distribution channel

• gross revenue

A business that is the simplest to set up, but does not shield the owner from liability

• partnership

• sole proprietorship

• LLC

• S Corp

A practice used to protect brand names, logos and business names

• Prototype

• Patent

• Copyright

• Trademark

A business with pass-through taxation where the owners pay taxes on the company's profits and losses through their personal taxes

• Sole Proprietorship

• Partnership

• Limited Liability Corporation

• C Corporation

A method of sharing a start-up business online to pre-sell products

• partners

• shareholder

• angel investor

• crowdfunding

An individual who aspires to start and run a successful business

• Entrepreneur

• Small Business

• Shareholder

• Angel Investor

A method used to get a product from the manufacturers to the end-user

• Sales Channel

• Production Channel

• Distribution Channel

• Operation Channel