Business Models
Which model sells software as a service?
SAAS
Which business function deals with hiring?
HR
How many management functions are there?
5
What is a microeconomy?
The economy of the individual
Ronald Reagan said that information is the ___ of the modern age.
Oxygen
Which model has both physical and digital locations?
Bricks and Clicks
How many functions are there?
6
What is Mr. Clayton's saying to help remember each function?
Listen, Popeyes Chicken Sucks Okay?
What is scarcity?
Limited resources and unlimited needs
"First who, then what?"
Who said this quote?
Jim Colins
Which business model deals with gathering funds from the public?
Crowdfunding
Which function deals with advertisements?
Marketing
Which function is deciding beforehand what needs to be done?
Planning
What is stagflation?
Inflation goes up. Unemployment goes up.
"Better to have an average ____ with superb execution than a superb ____ with poor execution."
Strategy
Which business model ONLY has physical locations?
Brick-and-Mortar
Control
Which function is checking and managing results against goals?
Controlling
Reducing spending to save money
"Ideas are nothing unless executed."
Who said this?
Steve Jobs
Which business model provides a service or product for monthly (or weekly or yearly) payments?
Subscription
Accounting is similar to...
What IS management?
Planning, organizing, staffing, controlling, and leading people to achieve a goal.
What is a macroeconomy?
The economy of the nation as a whole
Ben & Jerry's is an example of what kind of business?
Partnership