Everfi Venture Entrepreneurial Expedition Vocabulary

Front

Jackson is starting a new business and needs to outline his business goals and how he plans to achieve them. What document should he create?

Back

Business Plan

Front

What type of business does Grace own if she sells shoes directly to customers and gets her shoes from different companies? Options: Wholesalers, Manufacturers, Entrepreneurs, Retailers

Back

Retailers

Front

Isla noticed that there are no cafes offering vegan desserts in her neighborhood. What does this represent for her?

Back

Business Opportunity

Front

What term is used for anything that has a value?

Back

Assets

Front

What role does Priya's company play in the supply chain of a global shoe company that gets its shoes made by a factory and then sells them to local stores?

Back

Wholesalers

Front

Ava and her team are working on a new product launch. They decide to gather a small group of potential customers to discuss and answer a prepared set of questions about the product. What is this form of primary research called?

Back

Focus Group

Front

When Aria's sales and expenses balance out to zero, what is this point called?

Back

Break-Even Point

Front

What is the quick description of a business called that Scarlett needs to explain to potential investors?

Back

Business Pitch

Front

Jackson and Evelyn own coffee shops in the same neighborhood, both trying to attract more customers. What is this scenario an example of?

Back

Competition

Front

Emma is considering investing in a new business venture. What is she facing?

Back

Risk