ENTREP

Cards (20)

  • Manpower
    Human labor force involved in the manufacture of products. It is measured as the most serious and main factor of production.
  • Material
    Raw materials necessary in the production of a product. Materials mainly form part of the finished product.
  • Machine
    Manufacturing equipment used in the production of goods or delivery of services.
  • Method
    Production method discusses the process or way of transforming raw materials to finished products.
  • Product Description
    Promotion that explains what a product is and why it's worth buying. The purpose is to provide customers with details around the features and benefits of the product.
  • Prototyping
    A duplication of a product as it will be produced, which may contain such details as color, graphics, packaging and directions. Benefits are the reasons why customers will decide to buy the products such as affordability, efficiency or ease of use. Features of the product or service provide descriptive facts.
  • Supplier
    An entity that offers goods and services to another business.
  • Value chain
    A method or activities by which a company adds value to an item, with production, marketing, and the provision of after-sales service. The main goal is to make or support a competitive benefit.
  • Supply chain
    A structure of organizations, people, activities, data, and resources involved in moving a product or service from supplier to customer.
  • Business model
    Describes the reasons of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts.
  • Business plan
    An important tool to have an idea about the future of your business. It includes an introduction, executive summary, management section, marketing section, financial section, production section, competitive analysis, and market and organizational chart.
  • Business plan
    A plan that discusses what the business is all about
  • Executive Summary
    Presented first Made last
  • Management Section
    • Shows how you will manage your business
    • The people you need to help you in your operations
  • Marketing Section
    • Shows the design of your product/service
    • Pricing
    • Where you will sell
    • How you will introduce your product/service to your market
  • Financial Section
    • Shows the money needed for the business
    • How much you will take in
    • How much you will pay out
  • Production Section
    • Shows the area
    • Equipment
    • Materials needed for the business
  • Competitive Analysis
    A strategy where you identify major competitors and research their products, sales and marketing strategies
  • Market
    The persons who will buy the product or services
  • Organizational chart
    A diagram showing graphically the relation of one official to another, or others of a company