Business/Entrepreneur Yes or NoOnline version
Familiarize yourself with Veteran-level financial literacy terminology! Can you complete the entire set?
1
A business credit score is a measure of a company's creditworthiness based on payment history, debt usage, and financial stability
2
Retention rate is the percentage of customers who continue to buy from a business over time
3
Market research is a specific group of consumers most likely to buy a company's product or service
4
A negotiation is a strategic discussion between two parties to reach a mutually beneficial agreement
5
Accounts receivable is money a business owes to suppliers and vendors
6
A competitive advantage is a feature or capability that allows a business to outperform competitors
7
Branding is a symbol, logo, or name legally registered to protect a brand's identity
8
Target audience is the process of gathering and analyzing data about competitors and industry trends
9
Bootstrapping refers to funding a business using personal savings, revenue, or minimal external capital
10
Debt financing is raising capital by selling shares of the business
11
A pivot is the ability of a business to grow and handle increased demand without a proportional increase in costs
12
Leverage is borrowing more money to invest more money, hoping for higher returns
13
Scalability is a fundamental shift in a business strategy to better align with market needs
14
Conversion rate refers to the percentage of website visitors or leads who complete a desired action, such as making a purchase
15
Operating expenses are the costs necessary for running a business, such as rent, utilities, and payroll
16
Venture capital refers to investment funds provided by firms or individuals to high-growth startups in exchange fore equity
17
Affiliate marketing refers to the use of online chanels such as social media and emails to promote a business
18
Contract law is the legal framework governing agreements between businesses, clients, or vendors
19
An exit strategy is a plan for how business owners will sell their stake or transition out of the company
20
Equity financing is borrowing money, usually in the form of business loans, that must be repaid with interest
21
Revenue is a measure of profitability, calculated as (net profit/revenue) x 100
22
Profit margin is the total income a business earns before expenses
23
Valuation is the process of determining how much a company or asset is worth
24
A business plan is a framework that describes how a company creates, delivers, and captures value
25
A trandmark is the process of creating a unique identity for a business through name, logo, messaging, and customer experience
26
A sole proprietorship is a legal business entity separate from its owners, offering lliability protection and tax benefits
27
A freemium model offers a basic version of a product for free while charging for premium features
28
A sales funnel is the process of guiding potential customers from awareness to purchase
29
A corporation is a business owned and operated by one person, with no legal distinction between the owner and the business
30
A business license is a legal permit allowing a company to operate in a specific location
31
A patent is a legal right granting the inventor exclusive ownership of a product or innovation
32
Crowdfunding is raising small amounts of money from many people, often through online platforms like Kickstarter or GoFundMe
33
A LLC is a business structure that protects owners from personal liability while providing flexibility
34
A business model is a written document outlining a company's goals, strategies, target market, financial projections, and operational plan
35
Accounts payable is the money owed to a business by customers for goods or services provided
36
Digital marketing is a system where businesses reward partners for referring customers
37
Cash flow refers to the movement of money in and out of a business
38
Break-even point is the point where total revenue equals total expenses, meaning the business is neither making a profit nor a loss
39
A value proposition is the unique benfit a product or service offers to customers, differentiating it from competitors
|
