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Board of Directors
governing body of incorporated firm, directors elected by subscribers of the firm to govern the firm and look after the subscribers' interests
set of documents to summarize the operational and financial objectives for 1-3 yrs to show how achieved
blueprint to guide the firms' policies & strategies, modified as conditions change and opportunities and threats emerge
superiority gaine by firm when same stuff, lower price, charge higher prices with greater value through differentiation
Economies of Scale
reduction in long run averages and marginal costs, due to increase in size of operating unit (ex. plant)
timing and means with which investor cashes the investment in a startup venture or buyout arrangement
Feasibility of New Business
an analysis of possible business that emphasized income potential and likely expenses with recommendations for an advantageous marketing approach
New Business Venture
a business enterprise in which the expectation of gain is accompanied by rish of loss or failure
niches do not exist but are created by identifying needs or wants that aren't being addressed and developing goods that satisfy them
Present Value of Future Earnings
the sum of money that must be invested today, at a given rate of interest to grow to the desired amount on a specific future date
startup or growth equity capital or loan capital provided by private investors
called risk capital
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