Savory Stack Shack
What is an example of supply?
What is Selling Snacks
Which economic system is used in the United States
What is a mixed economy
What is an example of a product?
A pencil
What is an example of a franchise?
McDonald's
What year was wingstop founded?
What is 1994
What is demand?
What is customers who want a product/service
Which economic system relies on supply/demand
What is a market economy
What is an example of a service?
What is babysitting
What is a entrepreneur?
What is a person who owns their own business?
What are one of the characteristics of an innovator?
What is empathetic
What should you do to your price if demand is high? (It's popular)
What is raise the price
Which economic system gives roles to men & women
What is a traditional economy
What is the equilibrium? (In business terms)
What is where supply/demand meet to perfectly price your product
How many people would own a partnership?
What is 2-5
Which business would be in competition with Stanley cups?
What is Hydro Flask
What should you do to the price if your product is in low demand (lame, unpopular)
What is lower the price
Which economic system is completely ran by the government?
What is a command economy
What is a fancy (proper) way of saying "making money"
What is a sole-propietorship?
What is a Business owned by 1 person
What are the three steps in design thinking?
What is understand, explore, engage
What is one product that was in high demand in 2020?
What is masks
Which two economies are used to create a mixed economy?
What is command and market (free enterprise)
When a certain product or service becomes popular (high demand), what usually happens?
What is similar businesses are started
How do corporations raise money?
What is selling stocks
What is Chick-Fil-A's most popular product sold?
What is waffle fries