Senior Secondary · 11-12 · Business Education
What are the four main elements of the marketing mix (product, price, place, and promotion) commonly called?
The 4 Ps of marketing
What do we call a person who starts and runs their own business, taking on financial risk?
An entrepreneur
What do we call the money a business earns after subtracting all its expenses?
Profit (net profit)
What is a business plan?
A document outlining a business's goals, strategies, market analysis, and financial projections
What do we call the total money a business brings in from sales, before expenses are subtracted?
Revenue
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