AP®︎ Business with Personal Finance Flashcards

Master key terms and definitions for every unit and topic to help you prep for quizzes and the AP exam. Select a unit or topic to begin.

Unit 1: Businesses, Competition, and New Ideas

All Topics
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Topic 1.1
What Is a Business?

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Topic 1.2
Markets and Competitive Advantage

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Topic 1.3
PESTEL Factors and the Business Environment

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Topic 1.4
How Do Business Ideas Originate?

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Topic 1.5
Vision

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Topic 1.6
Business Ethics

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Topic 1.7
Organization, Roles, and Responsibilities

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Topic 1.8
Supply Chains

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Unit 2: Marketing

All Topics
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Topic 2.1
Marketing to Customers

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Topic 2.2
Consumer Behavior

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Topic 2.3
Market Research

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Topic 2.4
Product

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Topic 2.5
Price

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Topic 2.6
Place and Channels

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Topic 2.7
Promotion and Marketing Communications

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Unit 3: Personal Saving and Borrowing; Business Finance and Accounting

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Topic 3.1
Saving for Future Purchases

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Topic 3.2
Borrowing, Credit, and Debt

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Topic 3.3
Accounting and Financial Management

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Topic 3.4
Business Expenses

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Topic 3.5
Financial Capital

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Topic 3.6
The Income Statement

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Topic 3.7
The Balance Sheet and Net Worth

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Topic 3.8
The Cash Flow Statement

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Topic 3.9
Ethics and Financial Reporting

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Unit 4: Management and Strategy

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Topic 4.1
Management and Leadership

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Topic 4.2
Evaluating Performance Using KPIs

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Topic 4.3
Strategy and Decision Making

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Topic 4.4
Strategic Frameworks: Porter’s Five Forces and SWOT Analysis

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Unit 5: Personal Goals, Budgeting, and Investing

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Topic 5.1
Taxes, Net Income, and Budgeting

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Topic 5.2
Managing Personal Risk

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

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