What are the 3 Cs in a business plan?
Capital
Culture
Collaborators
Competitors
Company
Costs
Collections
Customers
What does a debit do to a balance sheet?
Reduces your assets
Increases your assets
Increases your equity
Increases your liabilities
What does the P.E.S.T analysis stand for?
People, Environment, Supply, Trade
Political, Environmental, Social, Technological
Profit, Equity, Strategy, Transaction
What are Porter's 5 Forces of the competitive landscape?
Strategic Partnerships
Supplier Power
Distribution Power
Competitive Power
Barriers to Entry
Buyer Power
Sustainability
Regulation
Threats of Substitution
Industry Rivalry
What is the STP framework?
Survey, Test, Productize
Segmentation, Targeting, Positioning
Survey, Trial, Package
Time value of money question:
If you were offered $175 now, or $195 two years from now, and your savings account interest rate is 5%, which should you take?
$175 now
$195 2 years from now
What are the 4Ps?
Personalize
Product
Positioning
Pricing
Packaging
Placement
Promotion
What does a balance sheet contain?
Assets
Net Income
Liabilities
Shareholder Equity
Profit & Loss
All of the above
What do LIFO vs. FIFO refer to?
Models of inventory management
Ways to recognize revenue
2 alternative competitive strategies
What is WACC?
Weighted Average Cost of Credit
Working Asset Current Cost
Weighted Average Cost of Capital
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