Break Even Point - ️️the point at which the costs of producing a product equal the revenue made from selling the product
Break Even Formula - ️️Break Even Point = Fixed Costs/Selling Price-Variable Cost
Driving Sales - ️️a special effort to sell more of a product or service, for e...
Break Even Point - ✔ ✔ the point at which the costs of producing a product equal the revenue made
from selling the product
Break Even Formula - ✔ ✔ Break Even Point = Fixed Costs/Selling Price-Variable Cost
Driving Sales - ✔ ✔ a special effort to sell more of a product or service, for example by increasing
advertising
Inventory Loan - ✔ ✔ a secured short-term loan to purchase inventory
Operating Loan - ✔ ✔ A loan that is intended for short-term financing. This type of loan is often used
for cash flow support or to cover operating expenses from day to day.
Tenacious - ✔ ✔ persistent, resolute
Competency - ✔ ✔ the ability to do something successfully or efficiently
Non-Profit Organization - ✔ ✔ A business whose goal is to provide a service rather than to make a
profit
Storefront - ✔ ✔ The exterior of a business that includes a store's sign or logo, marquee, outdoor
lighting, banners, planters, awnings, windows, the exterior design, ambiance, landscaping, and lighting
of the building
Tax Liability - ✔ ✔ the total amount of taxes owed
, Demographic - ✔ ✔ having certain characteristics in common, such as age, race, or gender
Behavioral - ✔ ✔ involving, relating to, or emphasizing behavior
Psychographic - ✔ ✔ the study and classification of people according to their attitudes, aspirations,
and other psychological criteria, especially in market research.
Geographic - ✔ ✔ of or relating to the natural features, population, industries, etc. of a region
Angel Investors - ✔ ✔ individuals who invest in start-up companies with high growth potential in
exchange for a share of ownership
Initial Public Offering - ✔ ✔ the first time a company issues stock that may be bought by the general
public
electronic point of sale system - ✔ ✔ can help small businesses like yours manage your business
more effectively, and improve your customers' experience with you.
Management Buyout - ✔ ✔ Acquisition of the firm by its own management in a leveraged buyout
Patent - ✔ ✔ exclusive rights over an invention; copyright
Copyright - ✔ ✔ the exclusive legal right, given to an originator or an assignee to print, publish,
perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.
Trademark - ✔ ✔ A brand that has exclusive legal protection for both its brand name and its design
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