Cert Vocab Test

Cost incurred by a business.

• Customer Acquisition Cost

• Pitch Deck

• Acquisition Costs

• Inventory

An investor who provides funding to a business in return for a stake in the business.

• Demographics

• Stakeholder

• Angel Investor

• Piece Work

A tangible item that a business owns.

• Asset

• Selling Price

• Piece Work

• Innovation

A business-to-business (B2B) commercial transaction between businesses.

• Target Market

• Employee

• COO

• B2B

A business-to-consumer (B2C) transaction.

• Commission

• B2C

• Sales Channel

• CFO

A document that compares assets to liabilities and owner's equity.

• Brand Recognition

• Balance Sheet

• Distribution Channel

• Founder

A business owner who uses their own money to fund their business.

• Partners

• Copyright

• Bootstrapping

• Product/Market Fit

The level of familiarity one has with a brand.

• LLC

• Brand Recognition

• Pitch Deck

• CEO

The point at which a business's revenue equals its expenses over a given period.

• Break-even point

• Profit margin

• Gross income

• Net loss

The amount of money a business plans to spend during a given period.

• Distribution Channel

• Small Business Administration

• ROI

• Budget