Buying Decisions
Sam’s grandpa and dad always buy Ford trucks so Sam bought a Ford truck is an example of
Patronage
Products sold in a physical store to customers is an example of
Brick and mortar
Samantha wants to apply for a job at the local ice cream shop. What should she include in her resume?
Her education, work experience, skills, and achievements
This leadership style involves one person making all the decisions with little input from the group.
Autocratic
What is a sum of money paid regularly out of a company’s profits to its shareholders?
Dividends
Maria decides last minute to buy candy at the checkout stand is an example of
Impulse
Selling products or services while traveling or using a mobile platform is an example of
Mobile business
During a job interview an applicant uses the STAR method to answer a question. What does the “A” in STAR stand for?
Action
In this leadership style, team members are encouraged to share ideas and help make decisions.
Democratic
What is one advantage of investment diversification?
Reduced risk
Sophia buys a luxury handbag because she feels it improves her social status is an example of
Prestige
Purchases made in person is an example of
Face to face sales
During a job interview an applicant uses the STAR method to answer a question. What does the “S” in STAR stand for?
Situation
This leadership style gives employees a high degree of freedom and very little direct supervision.
Laissez-Faire
What is a ticker symbol?
Abbreviation to identify publicly traded stock
Jess compared products at three stores before she made a final purchase is an example of
Rational
Events where businesses display and sell products to potential customers is an example of
Trade shows and extensions
During a job interview an applicant uses the STAR method to answer a question. What does the “R” in STAR stand for?
Result
This leadership style can sometimes lead to confusion because workers receive little guidance.
Laissez-Faire
Using your own money to fund a business is what kind of funding?
Owner's Equity
Suzy had a bad day, so she bought a gallon of ice cream is an example of
Emotional
Businesses that operate and sell products online is an example of
E-Commerce
During a job interview an applicant uses the STAR method to answer a question. What does the “T” in STAR stand for?
Task
This leadership style is often praised for improving teamwork and employee engagement.
Democratic
Borrowing money to fund a business is what kind of funding?
Debt Financing