Lunch Money (ch. 1-6) Vocabulary Flashcard

Front

entrepreneurial

Back

Related to starting and running a business

Front

Which word describes the money you earn after all expenses are paid?

Back

Profit

Front

innovation

Back

A new method, idea, or product

Front

What does "disruption" refer to in a business context?

Back

A sudden change that affects the normal way of doing things

Front

What does "pivot" mean in a business setting?

Back

To change direction or strategy

Front

Which word means a situation where businesses try to win over the same customers?

Back

Rivalry

Front

Strategy

Back

A plan of action to achieve a goal

Front

What does "interest" mean in the context of finance?

Back

The cost of borrowing money

Front

What is a "market" in business terms?

Back

A place where goods are bought and sold

Front

competition

Back

A contest between businesses to attract customers