Business Concepts

Front

Entrepreneur

Back

A person who identifies problems and creates solutions through business ventures

Tags

TEKS.ELA.9-12.II.B

Front

Innovation

Back

The process of creating new ideas, products, or methods

Tags

TEKS.ELA.9-12.II.B.1

TEKS.ELA.9-12.II.B

Front

Problem-solving

Back

The process of finding solutions to difficult issues

Front

Market

Back

Group of potential customers for a product or service

Tags

TEKS.ELA.9-12.II.A.3

TEKS.ELA.9-12.II.A

Front

Target audience

Back

Specific group of people a product is designed for

Tags

TEKS.ELA.9-12.II.A.9

TEKS.ELA.9-12.II.A.1

Front

Prototype

Back

Early sample or model of a product

Tags

TEKS.ELA.9-12.II.B

TEKS.ELA.9-12.II.B.1

TEKS.ELA.9-12.II.B.3

Front

Iteration

Back

The process of repeating and refining ideas

Tags

TEKS.ELA.9-12.I.A.4

TEKS.ELA.9-12.I.A.3

Front

Pain point

Back

A specific problem that needs solving

Tags

TEKS.ELA.9-12.V.A.1

Front

Innovation mindset

Back

Attitude focused on creating new solutions

Tags

TEKS.ELA.9-12.I.A.2

Front

Market research

Back

Study of customer needs and preferences

Tags

TEKS.ELA.9-12.V.A.1

TEKS.ELA.9-12.V.B.2

TEKS.ELA.9-12.II.A.5

TEKS.ELA.9-12.V.B.3