Joey is a part-owner of the Donut Corporation. This means that he has ___________ in the corporation.

__________________ provide financing to start-up companies and small businesses that are believed to have long term growth potential.

Capital that a business raises in the form of a loan to be repaid at a later date.

Capital that a business raises by selling a percentage of a business.

An arrangement between a bank and a company, that allows a company to borrow a certain amount of money at any time.

A supplier allows a company to buy now and pay later.

A situation where an entrepreneur starts a company with little capital.

All of the following are benefits of lines of credit except:

A crowdfunding platform where entrepreneurs can gather money from the public.

An individual investor who provides capital to start-up businesses in exchange for debt or ownership equity.

The sale of a good or service before its release date at a discounted rate.

All of the following are examples of character in credit except:

All of the following are examples of Capital except:

Being able to repay debt and having a steady job is part of capacity.

The second step in new product development is _______________.

Step 5 in new product development is _________________.

Creating financial expense and sales projections for the new product in the future would be a part of which step of new product development.

Step 3 in new product development is _______________.

When a new product is brought to market with full-scale production this is known as _______________.

Contracting a party outside the company to perform services and create goods that were traditionally performed in-house by the company’s own employees and staff is known as outsourcing.

All of the following are benefits of outsourcing except:

A new idea, device, method, or way of doing something that enhances the lives of users.

The process of using automatic equipment or technologies instead of human labor to perform business processes.

A system put in place to maintain certain standards of output.

A detailed organization of complex operations involving many people, destinations, and supplies.

The practice of setting goals and creating strategies and tactics to accomplish them.

The process of performing tests and surveys to evaluate a new product idea before the introduction to the market.

Tesla uses ___________ to manufacture their model S.

A preliminary model of something is known as an Autotype.

New Product development has 6 steps in the process.

Offering the product for sale in a small geographic area to test its success is known as test marketing.

When one compiles the brainstorming list into smaller units to narrow ideas this is known as.

The costs incurred by a business when manufacturing a good or providing a service are known as manufacturing costs.

Direct materials + direct labor + factory overhead are production costs.

Involves cultural trends and observing customer behaviors.

Eliminating possibilities until one or two ideas are selected for development.

A prototype is made and tested.

Evaluates proposed product in terms of size of market, potential sales, costs, profit potential, technology, the competition, and the level of risk involved.

Companies make plans relating to production, packaging, labeling, branding, promotion, and distribution.

This stage is also called "commercialization". New products are advertised to introduce benefits to consumers.

Marketers track customer responses to the product.

New product development generally involves ______ key steps.

Creativity is essential in this step of new product development.

A model of a new product.

Which of the following phase involve selecting the best idea and dropping poor ideas?

Business analysis includes

Which of the following stages involve transforming a product concept into a physical product to offer workable market offering?

Game Freak wish to introduce a new product into the market. First, they need to

The ideas generation can come from

Joey is a part-owner of the Donut Corporation. This means that he has

provide financing to start-up companies and small businesses that are believed to have long term growth potential.

An arrangement between a bank and a company, that allows a company to borrow a certain amount of money at any time.

All of the following are benefits of lines of credit except:

Which type of credit might business owners obtain in order to purchase seasonal goods for resale?

Which is a risk that a business might face as a result of obtaining a long term loan from a bank?

Private investors who fund start-up businesses are called ____.

Property or items of value a business owns.