introduction to business
What is the purpose of a business plan?
To outline goals, strategies, and financial projections
What is a SWOT analysis used for in business?
To identify strengths, weaknesses, opportunities, and threats
What is the definition of ROI (Return on Investment) in business?
A measure of profitability relative to the initial cost of investment
What is meant by the term 'e-commerce'?
Buying and selling goods or services online
What is a unique selling proposition (USP) in business?
A factor that differentiates a product or service from its competitors
What does the term 'break-even point' refer to in business?
The point at which total revenue equals total costs
What is a target market in business?
A specific group of consumers that a business aims to reach
What is the purpose of market research in business?
To gather information about customers and competitors
What is networking in the context of business?
Building relationships with other professionals for mutual benefit
What is the definition of a business model?
The strategy that a company uses to generate revenue and profit
what is a business
business is an organization that strives for a profit by providing goods and services desired by its customers. Businesses meet the needs of consumers by providing medical care, autos, and countless other goods and services.
what is Goods
tangible items manufactured by business ex laptops
service is
intangible offerings of business that cant be held toched or stored