50.4k views
3 votes
Can someone please create your own business plan dictionary

Define each term. MAKE SURE that you use the correct business definition. For example, a stake in business means “a financial share in a business or an emotional investment in something” but a stake can also mean a “strong wooden or metal post with a point at one end, driven into the ground to support a tree, form part of a fence, act as a boundary mark, etc.,” or “a metalworker's small anvil, typically with a projection for fitting into a socket on a bench”.
Submit when you finish. DUE DATE: FRIDAY, MARCH 10
1. Break even
2. Business model
3. Customer acquisition costs 4. Distribution
5. Equity
6. Licensing
7. Liquidity
8. Margin
9. Market value
10. Patent
11. Patent pending
12. Proof of concept
13. Proprietary
14. Royalty
15. Stake
16. Sweat equity
17. Valuation

1 Answer

2 votes

Answer:

1. Break even: The point at which a business's total revenue equals its total expenses, resulting in neither a profit nor a loss.

2. Business model: A plan or framework that outlines how a business will generate revenue and make a profit.

3. Customer acquisition costs: The cost associated with acquiring a new customer, including marketing and advertising expenses.

4. Distribution: The process of getting a product or service from the manufacturer or producer to the end consumer.

5. Equity: A financial share of ownership in a business or property.

6. Licensing: The process of granting permission to use or sell a product, service or intellectual property.

7. Liquidity: The ability of a business or individual to convert assets into cash quickly and easily.

8. Margin: The difference between a product or service's selling price and the cost of producing or providing it.

9. Market value: The price at which a product or service is currently being sold in the market.

10. Patent: A legal document that grants the holder exclusive rights to produce, use, and sell an invention or idea for a certain period of time.

11. Patent pending: The status of an invention or idea that has been submitted for a patent but has not yet been approved.

12. Proof of concept: A demonstration that a product or service is viable and can be successful in the market.

13. Proprietary: A product or service that is owned and controlled by a single company or individual.

14. Royalty: A payment made by one party to another for the use of a product, service or intellectual property.

15. Stake: A financial share in a business or an emotional investment in something.

16. Sweat equity: The value of the time and effort put into a business or project by its owner or founders, often in lieu of financial investment.

17. Valuation: The process of determining the worth of a business or asset, often used in the context of selling or acquiring a business.

User Jun Yin
by
7.8k points

No related questions found