VOCAB for - USECE

studyyyyyyy!

Pivot

to change direction

What does SWOT stand for?

Strengths, Weaknesses, Opportunities, Threats

in SWOT which two are in external and internal

Internal: Strengths and weaknesses

External: Opportunities and Threats

Bundle

grouped together

opportunity cost

value of the next-best alternative you give up when making a choice

net income

total revenue - total expenses

bootstrapping

self-starting process

Equity

financing process of raising capital for a business by selling shares or partial ownership stakes to investor

projected pro forma

statements: forward looking financial reports.

Sole proprietors

the common business structure where an unincorporated business is owned and run by one individual

supply and demand

the foundational economic model that determines prices in a market. ex: if supply decreases the product demand increases which means the price of a product goes up.

intrapreneurship

the act of behaving like an entrepreneur while working within a large organization