QUESTION 1 100 points V Match the terms discussed to their specific definition Asset A A mutual connection between two parties Branding B. The most basic products of an economic system that consists Budgeting of consumable items and tasks provided by individuals and entities v Business C A method or plan chosen to bring about a desired outcome. v Business Plan Business Theory D. The process through which good and services move from concept to customer v Capital E The ability of keeping customers on the business books Cash Flow F. The process in creating a uniqueness to establish a positive Creditor difference from the competition Customer Service G. Process of expressing quantified resource requirements in to time-phased goals v Entrepreneur H Party/person that possesses the exclusive right to an asset, v Ethics property or entity Expense Entity that has provided goods, services and finances for which Function payment or repayment is required J. Entity's blueprint prepared by ownership/management to detail v Goal operational and financial objectives and how they will be Goods and Services achieved Essential for acquiring prospective investors and lenders of capital Leader K Aresource of value owned or utilized by an individual or entity Increase business net worth Chet Sare and Submit to save and submit Chick Sate. A to se all are Save An Answers iti ON Q Question Completion Status: 1 achievem serTrang prospective investors and Leader lenders of capital K Aresource of value owned or utilized by an individual or entity Liability Increase business net worth Manager LOne is charge of certain group or tasks Responsible for Marketing achieving presented goals M One who owns, croates, organizes and manages any v Net Worth enterprise usually with considerable Initiative and risk, Objactive responsible for preparations, actions and outcomes Owner N Assumptions that shape an entity's behavior dictate decision Profit making and define what the entity considers meaningful results v Referral o Debt owed to another person or entity. Decreases business Relationship value Resource PAn activity that provides goods and services for profit Retention Q All interactions between a customer and a provider at the time of the sale and thereafter Adds value to the delivery and helps Revenue build enduring relationships v Role R. The result when revenue exceeds total expenses Salos S. The financial assets needed for a business to produce goods Stakeholder and services to offer its customers T One who has the position to exercise control or influence over Strategy outcomes. Responsible for setting goals U. The movement of money in and out of an entity V An economic or productive factor required to accomplish a goal or objective W Income Generated from business activity Click Save and submit to save and submit. Click Save Atters to saw all ansers. Save All Answers A VUComes Responsible or sewng yours. U. The movement of money in and out of an entity V. An economic or productive factor required to accomplish a goal or objective W. Income generated from business activity X The value or worth of an entity by subtracting what is owed (liabilities) from what is owned (assets). Equity Y. The activity or business of selling products or services. The step in commerce where a buyer exchanges monetary value for goods and services. Refers to bringing the real and perceived value together Z Party or person with concem and interest in an entity AA. A favorable introduction into a business opportunity AB. A prescribed behavior associated with a particular position or status in an entity. An expectation. AC. An action performed that produces a result. A responsibility AD. An observable and measurable end result based upon a pursuit of a specific outcome within a given timeframe AE. A specific result a person or entity aims to achieve within a timeframe and with available resources. AF Money spent to operate a business AG. The fundamental principles of decent human conduct Addresses right and wrong and the responsibility of knowing the difference