Business Concepts Flashcards

Front

Business Model

Back

How a company makes money.

Front

Revenue Streams

Back

Ways a business earns money.

Front

Costs

Back

Fixed vs. variable expenses.

Front

Profit

Back

Revenue minus costs.

Front

Market Share

Back

Percentage of the market a company controls.

Front

Customer Segments

Back

Different groups of people a business serves.

Front

Competitive Advantage

Back

What makes a company better than others.

Front

Supply and Demand

Back

Relationship between product availability and customer desire.

Front

Pricing

Back

Setting a price to maximize sales and profit.

Front

Branding

Back

Building a company’s identity.