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Familiarize yourself with Veteran-level financial literacy terminology! Can you complete the entire set?

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Business/Entrepreneur Yes or NoVersion en ligne

Familiarize yourself with Veteran-level financial literacy terminology! Can you complete the entire set?

par WM
1

A business plan is a framework that describes how a company creates, delivers, and captures value

2

A freemium model offers a basic version of a product for free while charging for premium features

3

A patent is a legal right granting the inventor exclusive ownership of a product or innovation

4

Bootstrapping refers to funding a business using personal savings, revenue, or minimal external capital

5

A LLC is a business structure that protects owners from personal liability while providing flexibility

6

A business credit score is a measure of a company's creditworthiness based on payment history, debt usage, and financial stability

7

A sole proprietorship is a legal business entity separate from its owners, offering lliability protection and tax benefits

8

A negotiation is a strategic discussion between two parties to reach a mutually beneficial agreement

9

Retention rate is the percentage of customers who continue to buy from a business over time

10

A pivot is the ability of a business to grow and handle increased demand without a proportional increase in costs

11

A business license is a legal permit allowing a company to operate in a specific location

12

Target audience is the process of gathering and analyzing data about competitors and industry trends

13

Digital marketing is a system where businesses reward partners for referring customers

14

Market research is a specific group of consumers most likely to buy a company's product or service

15

Venture capital refers to investment funds provided by firms or individuals to high-growth startups in exchange fore equity

16

Cash flow refers to the movement of money in and out of a business

17

Debt financing is raising capital by selling shares of the business

18

Conversion rate refers to the percentage of website visitors or leads who complete a desired action, such as making a purchase

19

A trandmark is the process of creating a unique identity for a business through name, logo, messaging, and customer experience

20

Operating expenses are the costs necessary for running a business, such as rent, utilities, and payroll

21

A value proposition is the unique benfit a product or service offers to customers, differentiating it from competitors

22

Accounts payable is the money owed to a business by customers for goods or services provided

23

Branding is a symbol, logo, or name legally registered to protect a brand's identity

24

A business model is a written document outlining a company's goals, strategies, target market, financial projections, and operational plan

25

Crowdfunding is raising small amounts of money from many people, often through online platforms like Kickstarter or GoFundMe

26

Valuation is the process of determining how much a company or asset is worth

27

Accounts receivable is money a business owes to suppliers and vendors

28

Affiliate marketing refers to the use of online chanels such as social media and emails to promote a business

29

Equity financing is borrowing money, usually in the form of business loans, that must be repaid with interest

30

Profit margin is the total income a business earns before expenses

31

Leverage is borrowing more money to invest more money, hoping for higher returns

32

Break-even point is the point where total revenue equals total expenses, meaning the business is neither making a profit nor a loss

33

An exit strategy is a plan for how business owners will sell their stake or transition out of the company

34

Contract law is the legal framework governing agreements between businesses, clients, or vendors

35

Scalability is a fundamental shift in a business strategy to better align with market needs

36

A sales funnel is the process of guiding potential customers from awareness to purchase

37

A corporation is a business owned and operated by one person, with no legal distinction between the owner and the business

38

Revenue is a measure of profitability, calculated as (net profit/revenue) x 100

39

A competitive advantage is a feature or capability that allows a business to outperform competitors