Business Vocabulary | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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What is a the financial term for one puts money in your pocket and the other takes the money out

Financial Liabilites and Assets

What is a clear set of plans, actions and goals that outlines how a business will compete in a particular market?

business strategy

What are movements that are up. down or fluctuating in an industry?

trends

What is the specific, measureable results that companies hope to maintain as their organization grows?

business objectives

What does USP stand for?

Unique Selling Point(s)

When should you write the executive summary for a business plan?

at the end

What briefly introduces your business and the reason for creating the business plan?

executive summary

What is the first thing the reader of a business plan should see?

cover page

What is a short message for a business's reason to be operating to be read by employees, customers, vendors and stakeholders

Mission Statement

What is the categorization of the target maret based on specific variables such as age, gender, education and income?

demographic segmentation

What is a vivid mental image of what you wnat your business to be at some point in time in the future

Vision Statement

What details how you are going to promote your business, attract new customers and keep existing clients?

marketing plan

What is a standard or point of reference against which things can be compared?

benchmark

What is a chain of busineeses or intermediaies through which the final buyer purchases a product or service?

Distribution channels

After what should the Executive Summary be placed?

after the Table of Contents

What are activities or goals that help your team accomplish everyday tasks and their additional duties

business priorities

What shows the order of the business or marketing plan content?

Table of Contents