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Sole Proprietorship
A business type owned and operated by a single individual.
Partnership
A business type owned and operated by two or more individuals who share profits and liabilities.
Corporation
A business type that is a separate legal entity from its owners, providing limited liability to the owners.
Business Plan
A document outlining the future goals and strategies of a business.
Revenue
The income generated by a business within a specific period.
Expenses
The costs incurred by a business to maintain its operations.
Business Assets
Tangible or intangible items of value owned by a business, such as property, equipment, or intellectual property.
Costs of Goods Sold (COGS)
The expenses directly associated with producing goods or services.
Marketing
Activities undertaken by a business to promote its products or services and influence consumer perception.
Advertising Profit
The earnings remaining after deducting the cost of sales and operating expenses.
Liability
Financial obligations or debts that a business must settle.
Business Risk
The potential for financial loss or failure due to uncertainties in the business environment.
Advertising
Promotional activities aimed at increasing product visibility and sales.
Competitor
Another business operating in the same industry and targeting similar customers.
Customer
An individual or entity that purchases goods or services from a business.
Employees
Individuals hired by a business to perform tasks in exchange for wages or salaries.
Insurance
A financial product that provides compensation in case of specified risks or losses.
Logo
A distinctive symbol or design representing a company or brand.
Products
Goods or services offered by a business for sale to customers.
Manager
An individual responsible for overseeing and directing the operations of a business.
Inventory
The complete list of goods or materials held by a business at a specific time.
Note
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