Business Basics
The main goal of a business is usually to make this
What is profit?
A business owned by one person is called this
What is a sole proprietorship?
Marketing is the process of doing this with goods or services
What is promoting or selling them?
People use it to buy goods and services
What is money?
The person in charge of running a business is called the…
What is CEO
People who buy goods or services are called this
What are customers?
A business owned by two or more people
What is a partnership?
The group of people most likely to buy a product is called the…
What is the target market?
A place where people keep their money safe is called a…
What is a bank?
People who handle hiring, training, and employee issues work in this department
What is HR?
A plan that explains what a business wants to do and how it will do it.
What is a business plan?
A business that sells goods or services to make money.
What is a business?
A special deal or discount to get people to buy something is called a…
What is a promotion?
Money you earn from working is called…
What is income?
Someone who studies how money flows in a business is called a…
What is an accountant or financial analyst?
This is what a business owns that has value, like cash, buildings, or equipment
What are assets?
A business that helps people or the community instead of making money
What is a non-profit?
The “4 Ps” of marketing are product, price, place, and…
What is promotion?
When you spend more money than you have, you are in…
What is debt?
A person responsible for advertising, social media, and selling products works in…
What is marketing?
The money a business earns after paying all its expenses
What is income? What is profit?
A business that follows another company’s name and rules to sell products
What is a franchise?
This is the study of what customers like and want before a product is made
What is market research?
Money paid regularly for using someone else’s money, like a bank loan, is called…
What is interest?
Someone who helps a business make smart decisions and plan for growth is called a…
What is a business consultant?