True or False: Business Name is not important to the success of the business
False
What example did we use in class for a niche market?
Doomsday Preppers
List the names of 3 guest speakers (or their businesses) in this course
1) Abdullah Al Khuzam Bleems
2) Dana Al Haid Bento
3) Sulaiman Al Gharib (ghalia)
Dolphins sleep with one eye open
True
List one reason small business are important for our economy
1.economic diversification
2.economic growth
3. job creation
4.technological innovation
What are the 4 elements of a marketing mix?
Product
Price
Distribution
Promotion
What is the accounting equation?
Assets=Liabilities + Owner's Equity
Dana Al Haid has multiple businesses, list or describe 2 of them
1) Bento
2) On Go
3) Jade Experience
Mcdonalds first started selling hotdogs
True
Define Customer Value Proposition
The value to be delivered to the customer
In other words, why should a customer buy your product or use your service ?
What are ways to conduct online marketing research?
List 2
•Marketing research of the future
•Virtual testing
•Digital and social media sites
•Online surveys
•Marketing analytics
Company A has current ratio: 1.42
Company B has current ratio: 0.96
Which company would be better pay it's debt today?
Company A
There was no good breakfast options for employees
Facebook's colors are blue, because Mark Zuckerberg has is blue-green colorblind.
False red-green colorblind,
What are the three forms of business ownership?
•Sole proprietorship
•Partnership
•Corporation
List one of the psychological Variables of Buying Behavior
•Perception
•Motivation
•Learning
•Attitude
•Personality
What is deprecation?
A process where the costs of long-lived assets are spread out over the total number of accounting periods in which they are expected to be used
Abdullah Al Khuzam gave specific advice about recruitment what was it?
Stradivarius has multiple branches in the US.
False, no branches in the us
If there is no competition then there is no
market
What are some external forces that directly or indirectly influence the development of marketing strategies? List 3
•Political, legal, and regulatory forces
•Social forces
•Competitive and economic forces
•Technological forces
All of them together are important, one alone can be misleading.
Sulaiman Al Gharib said this was the most important thing about marketing, understanding the...
Consumer Journey
Tesla reinvests most of it's revenue into marketing
false