💼AP Business with Personal Finance
Key Terms

258 essential vocabulary terms and definitions to know for your AP Business with Personal Finance exam

💼AP Business with Personal Finance

Unit 1 – Businesses, Competition, and New Ideas

1.2 Markets and Competitive Advantage

1.3 PESTEL Factors and the Business Environment

1.4 How Do Business Ideas Originate?

1.5 Vision

1.6 Business Ethics

1.7 Organization, Roles, and Responsibilities

1.8 Supply Chains

Unit 2 – Marketing

2.1 Marketing to Customers

2.2 Consumer Behavior

2.3 Market Research

2.5 Price

Unit 3 – Personal Saving and Borrowing / Business Finance and Accounting

3.1 Saving for Future Purchases

3.2 Borrowing, Credit, and Debt

3.3 Accounting and Financial Management

3.4 Business Expenses

3.5 Financial Capital

3.6 The Income Statement

3.7 The Balance Sheet and Net Worth

3.8 The Cash Flow Statement

3.9 Ethics and Financial Reporting

Unit 4 – Management and Strategy

4.1 Management and Leadership

4.2 Evaluating Performance Using KPIs

4.3 Strategy and Decision Making

4.4 Strategic Frameworks: Porter's Five Forces and SWOT Analysis

Unit 5 – Personal Goals, Budgeting, and Investing

5.1 Taxes, Net Income, and Budgeting

5.2 Managing Personal Risk

5.3 Saving and Investing for Education, Housing, and Retirement Goals

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