PESTEL
The first letter in the Pestel scan stands for what?
What is Political
Companies give back to the community such as Bombas and Patagonia...this is an example of the 3 P's...which is?
Planet, People, Profit
He is credited with developing modern electricity and his company was called General Electric?
Who is Thomas Edison?
This company won the Wellness Award by NBC in 2024?
What is Bombas
A market structure with a large number of small firms selling identical (homogeneous) products, where no single firm can influence the market price. Ex Farmers Markets
Perfect Competition
This team won the Cookie Contest?
Who is Riya, Luana, Maya, and
Kevin Warsh the President of the Federal Reserve, recently raised interest rates, this is an example of what?
What is economic?
A place where buyers and sellers meet to trade goods and services or money?
What is a market?
To solve the 10 book mininum order, this Entrepreneur tricked warehouses by ordering nine books that were intentionally out of print?
Who is Jeff Bezos (founder of Amazon)
The hyper competitive cookie industry such as were Crumbl is competiting in. Would be called a Red Ocean or a Blue Ocean?
What is Red Ocean
A market structure where a single company is the sole supplier of a unique product with no direct substitutes. Example Electrical Company
What is a Monopoly
This team's pitch included military grade items such as bullett proof underwear and fart grenades?
Who is Team Lucas
Nike moved some of its manufacturing to the US in response to consumer concern about poor overseas labor--this is an example of?
What is Social?
The simplest version of a new product that has just enough core features to satisfy early users and test business ideas
What is an MVP?
This company was started by placing an inflatble air mattress on the floor accompanied by Bed and Breakfast the next morning?
Who is Air BnB?
This company changed the interview window time down from 12 weeks to 2 weeks in locating qualified nurses and medical talent?
What is Incredible Health
A market structure featuring many competing firms that sell products which are similar but slightly differentiated by branding or quality. Ex Coffee Shops
Monopolistic Competition
Blockbuster video rental chains was upended by the streaming model...this is an example of what?
the value of the next-best alternative you give up when making a choice?
What is opportunity cost?
This company was started out of Utah and brings delicious cookies to order with little human interaction.
What is Crumbl?
Starbucks failed in which international country?
What is Australia?
A market structure dominated by a small number of large firms that supply a major portion of the market. Example Airplanes
What is an Oligopoly?
Meta has to pay a fine of $17B to various states since their platforms (FB and IG) caused mental health issues for users
What is Legal?
Ability to outperform rivals (other businesses) in the same market, leading to increased market share and potentially to increased profits
What is competitive advantage
Rivian (EV SUV) operates out of what two states?
What is California and Illinois
In listening to "General Magic" podcast, the company had no deadline, unlimited budget, and when problems arose they threw more people at the problem...this is an example of ______________ Law?
What is Brookes law
OPEC (Organization of Petroluem Export Countries) such as Iran, collude and set prices with its other 12 member countries...is an example of?
What is a Cartel?