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7 Cards in this Set
- Front
- Back
Front (Term) Adding value |
Back (Definition) The process through which a business increases the worth of resources included in a product so that customers perceive the product to be worth more than the cost of inputs. |
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Front (Term) Adviser |
Back (Definition) An external contact of a business that provides support and advice, sometimes for free |
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Front (Term) Bank loan |
Back (Definition) A fixed amount loan from a bank which is generally used to finance long term assets |
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Front (Term) Bank overdraft |
Back (Definition) Borrowings from a bank on a current account which are repayable on demand, allowing you to go into a negative balance |
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Budget |
A detailed plan of income and expenses expected over a certain period of time |
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Business angel |
A particular type of investor, usually a successful entrepreneur, who is willing to invest in high-risk, high-growth firms at a very early stage |
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Business plan |
A detailed description of a new or existing business, including the company's strategy, aims and objectives, marketing and financial plan |