It is the process of estimating the capital required and determining its competition.

refers to any item that intends to satisfy the needs and wants of a target customer. It can be a tangible good, such a clothing item or piece of software, or intangible, like a service or experience (think legal services or a cruise).

it involves both market data and careful calculations, as well as skillfully balancing between pricing that is too high or too low, and understanding how skewing either way might damage the brand.

refers to providing customers access to the product, and it also calls into play convenience for the customer.

It is the legal proprietor of a business. An individual or group that owns the assets of a firm and profits from them.

It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

It helps the manager to achieve the organization’s goals.

Which of the following is the first step in financial planning process.

a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

A legal form of business with two or more parties.