

Entrepreneurship Concepts
Flashcard
•
Business
•
12th Grade
•
Hard
Karah Whiddon
Used 1+ times
FREE Resource
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25 questions
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1.
FLASHCARD QUESTION
Front
Action plan
Back
Organized, step-by-step outline or guide that pulls together the ideas, thoughts, and key steps necessary to help set the stage for entrepreneurial success.
2.
FLASHCARD QUESTION
Front
Benchmarking
Back
Comparing one’s own company’s performance with an industry average, a leader within the industry, or a market segment.
3.
FLASHCARD QUESTION
Front
Bootstrapping
Back
Funding strategy that seeks to optimize use of personal funds and other creative strategies (such as bartering) to minimize cash outflows.
4.
FLASHCARD QUESTION
Front
Breakeven point
Back
Level of operations that results in exactly enough revenue to cover costs.
5.
FLASHCARD QUESTION
Front
Business model
Back
Plan for how venture will be funded; how the venture creates value for its stakeholders, including customers; how the venture’s offerings are made and distributed to the end users; and how income will be generated through this process.
6.
FLASHCARD QUESTION
Front
Capitalism
Back
System in which individuals, people, and companies have the freedom to make decisions and own property as well as benefit from their own efforts, with government playing a secondary role in oversight.
7.
FLASHCARD QUESTION
Front
Cash flow
Back
Money collected by the business through revenue and funding versus money disbursed by the business through expenses.
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