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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 NoVersión en línea

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

por WM
1

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

2

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

3

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

4

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

5

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

6

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

7

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

8

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

9

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

10

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

11

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

12

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

13

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

14

Accounts receivable is money a business owes to suppliers and vendors

15

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

16

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

17

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

18

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

19

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

20

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

21

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

22

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

23

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

24

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

25

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

26

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

27

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

28

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

29

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

30

Debt financing is raising capital by selling shares of the business

31

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

32

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

33

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

34

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

35

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

36

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

37

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

38

Profit margin is the total income a business earns before expenses

39

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