What is a business?
entity engaged in commercial, industrial, or professional activities
Mention the main trait of the Sole Proprietorship
an individual owning and operating a business for personal gain
What is a Partnership?
owners invest money, property, and labor.
What is the characteristic of a Corporation?
the profits a corporation makes are subject to taxation as the company's
What is a product?
something available for purchase
What is a service?
a non-physical transaction between a seller and a buyer
Why is it important to choose a good location for your company?
plays a crucial role in its operations, impacting factors like sales and operational expenses.
The logo is ______ representing a business, showcasing its activities and values.
symbol
What is the meaning of revenue?
Revenue is the money generated from normal business operations
Define marketing demographic
It involves segmenting markets based on age, race, religion, gender, family size, ethnicity, income, and education
Define Marketing
Understanding consumers' perceptions and beliefs
Define the goals (short, mid and long term)
are the desired achievements that businesses or individuals aim to accomplish withina specific timeframe
