Entrepreneurship & Small Business Terms

Price, Quality, Location, and Service are characteristics that identify which term?

• Business Opportunity

• Business Milestone

• Brand Recognition

• Brand Marketing

________ costs are costs to a business, such as rent, that are constant whatever the quantity of goods or services produced.

Fill in the blank from the word bank.

Word Bank: Variable, Fixed, Simple, Normal

An interest calculation that accrues (sums of money, or benefits, be received by someone in regular or increasing amounts over time) the interest percentage for each of a loan is considered?

• Simple Interest

• Compound Interest

• Partial Interest

• Collection Interest

Primary Data is information collected through original or first-hand research.

Secondary Data is information which has been collected in the past by someone else.

A marketing survey you posted on Facebook is considered ___________ data

A ___________ agreement is a legal agreement that binds one or more parties to non-disclosure of confidential or proprietary information. A confidentiality agreement is often used in situations wherein sensitive corporate information or proprietary knowledge is not to be made available to the general public or to competitors.

• Waiver

• Secret

• Closure

• Confidentiality

What term does the image represent?

• Supply Chain

• Harvesting

• Zoning Variance

• Sales Return

A Business Plan is a text document that addresses the concept, customers, and capital for a business. It is used to get investors to buy in to business.

• True

• False

A Pitch Deck is a brief presentation, often created using PowerPoint, Keynote or Prezi, used to provide your audience with a quick overview of your business plan. It is usually 10-20 slides, highly visual, and used to get investors attention.

True or False?

• True

• False

ESOP involves employees purchasing ownership of a retirement plan from a business owner. What does ESOP stand for?

• Employee Share Ownership Plan

• Entrepreneur Stock Oversight Plan

• Employee Stock Ownership Plan

• Entrepreneur Stock Ownership Plan

The point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business describes which term?

• Business Milestone

• Compound Interest

• Break-Even Point

• Segmentation Methods