entrepreneurship_notes

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26 Terms

1

Capital Expenditure

Involves the purchase of fixed assets meant for long-term use, such as property or machinery.

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2

Revenue Expenditure

Involves daily operational costs like staff salaries and premises costs.

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3

Internal Sources of Finance

Funds generated within the business, such as retained profits or owners’ equity.

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4

External Sources of Finance

Funds raised from outside the business, like crowdfunding or equity financing.

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5

Bootstrapping

Self-funding from personal savings or income.

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6

Crowdfunding

Raising small amounts of money from many people, typically online.

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7

Equity Financing

Selling shares of the company to raise funds.

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8

Venture Capital

Investment from professional investors expecting high returns in growing startups.

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9

Financial Management

Planning and monitoring financial resources to achieve long-term goals.

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10

Revenue Model

Explains how a business generates income and profits from goods or services.

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11

Unit Sales Model

Revenue generated from the sale of products or services, commonly used by retailers.

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12

Advertising Revenue

Earnings obtained from ads placed on platforms or content.

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13

Data Revenue

Income from selling valuable data to third parties.

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14

Intermediation

Earnings from facilitating transactions between buyers and sellers.

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15

Licensing

Earnings from allowing others to use intellectual property.

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16

Franchising

Selling rights to others to operate under the business's name.

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17

Subscription

Ongoing fees for continuous access to a product or service.

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18

Professional Revenue Model

Charging for time and expertise, common for consultants and lawyers.

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19

Utility and Usage Pricing

Charges based on the usage of a product or service.

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20

Freemium Model

Offering basic services for free while charging for premium features.

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21

Competition-led Pricing

Aligning pricing with competitors' prices.

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22

Loss Leader Pricing

Pricing products below cost to attract customers.

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23

Introductory Offer

Discounted pricing provided for initial users.

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24

Price Skimming

High pricing for new products with minimal competition.

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25

Psychological Pricing

Pricing based on the customer’s perception of value.

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26

Bundled Pricing

Offering a group of products/services at a discounted rate.

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