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NUMISMATICS#1
The study or collection of currency, including coins, tokens, paper money, and related objects.
BUSINESS PLAN#2
A formal document outlining a business's goals, strategies, and financial projections, essential for securing funding.
MARKET RESEARCH#3
The process of gathering, analyzing, and interpreting information about a market, including customer preferences and competition.
SWOT ANALYSIS#4
A strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats related to a business.
INVENTORY MANAGEMENT#5
The process of ordering, storing, and using a company's inventory, crucial for maintaining stock levels.
SUPPLIERS#6
Entities that provide goods or services to a business; finding reliable suppliers is key in coin dealerships.
TARGET MARKET#7
A specific group of consumers at which a company aims its products and services.
UNIQUE SELLING PROPOSITION (USP)#8
A marketing concept that highlights what makes a business or product unique compared to competitors.
FINANCIAL PROJECTIONS#9
Estimates of future revenues and expenses, used to assess the viability of a business plan.
CASH FLOW MANAGEMENT#10
Monitoring and analyzing cash inflow and outflow to ensure a company can meet its obligations.
MARKETING STRATEGY#11
A plan that outlines how a business will reach its target market and achieve its marketing goals.
COMPETITOR ANALYSIS#12
Researching competitors to understand their strengths and weaknesses, informing strategic decisions.
STOCK REPLENISHMENT#13
The process of restocking inventory to meet demand and avoid shortages.
EXECUTIVE SUMMARY#14
A brief overview of a business plan, summarizing the key points for investors.
LOGISTICS#15
The detailed coordination of complex operations involving people, facilities, and supplies.
CUSTOMER SERVICE#16
Support offered to customers before, during, and after purchasing products or services.
MARKETING MATERIALS#17
Promotional content like brochures, flyers, and online ads used to attract customers.
BREAK-EVEN ANALYSIS#18
The calculation of the sales volume needed to cover costs, indicating when a business will become profitable.
ONLINE RESEARCH TOOLS#19
Digital platforms and software used to gather data and insights for market research.
INTEGRATED MARKETING PLAN#20
A comprehensive approach that combines multiple marketing channels to deliver a consistent message.
FINANCIAL SUMMARY#21
A concise overview of a business's financial status, including key figures and projections.
OPERATIONAL PLAN#22
A detailed plan outlining how a business will operate on a day-to-day basis, including processes and staffing.
LAUNCH EVENT#23
A planned occasion to introduce a new business or product to the market, often involving promotions.
PEER REVIEW#24
A process where colleagues evaluate each other's work to provide feedback and enhance quality.
MARKETING CAMPAIGN#25
A coordinated series of steps aimed at promoting a product or service over a specific period.