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EOPA KParsons3
Entrepreneurship
| Question | Answer |
|---|---|
| Factoring | using an outside company to recover debts, obtaining funding by selling account receivable |
| Debt Financing | funds raised through various forms of borrowing that must be repaid (e.g. trade credit, bank loan, issuing bonds) |
| Product Life Cycle | Four stages that product goes through over its life: introduction, growth, maturity, and decline. |
| What is quality control? | The process of a business that seeks to ensure the quality of their products/services meet the customer needs by testing their products or services |
| Marketing Concept | the idea that the social and economic justification for an organization's existence is the satisfaction of customer wants and needs while meeting organizational objectives |
| As it relates to management, the word efficiency means? | Efficiency means getting work done, with a minimum of effort, expense, or waste |
| Marketing Plan | A written document that acts as a guidebook of marketing activities for the marketing manager |
| Target Markets | Identified segments of the market that a business wants to have as their customers. |
| The term for researchers to determine factors, conditions, and characteristics of market is | Market analysis |
Created by:
keyerap17
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