IBT final review

Front

A person who organizes and runs his or her own business

Back

entrepreneur

Front

Which of the following is a fixed expense? gas, groceries, electricity, car insurance

Back

car insurance

Front

Which of the following is a variable expense? phone bill, insurance, groceries, car payment

Back

groceries

Front

A target market is

Back

a group of consumers at which a product/service is aimed

Front

A written description of the business idea and how it will be carried out, including all major business activities.

Back

Business plan

Front

A controlled group interview of a target audience demographic, often led by a facilitator. A set series of questions or topics are covered and the results are used to guide marketing efforts.

Back

Focus Group

Front

A plan for spending and saving is

Back

budget

Front

an account where money is usually deposited to earn interest

Back

savings

Front

a check that is written but it has not cleared the bank is called

Back

outstanding check

Front

If you write a check for more money than you have in your account you will have a _______ , which you can also call bouncing a check

Back

overdraft