Lessons 1 & 2
Business is about ___________ managing business functions.
people
Mission is a company’s purpose, and strategy is the _____.
how
Sales revenue minus Cost of Goods Sold (COGS) is:
gross profit
McDonalds and Subway are examples of a ____________ business model.
Franchise
Who is my mom?
Mrs. Asbury
Which business function has its own eight functions including the 4Ps?
Marketing
A company’s game plan for reaching its target market is known as which of the following?
marketing strategy
Anything that is created from the mind or intellect, like inventions, ideas, or methods, is:
intellectual property
eBay is a form of an _____________
auction
What is my middle name?
Mark
Which business function is responsible for recruiting, hiring, onboarding, training, evaluating, and terminating employees?
Human Resources
The reason why a company exists - its purpose - is best known as which of the following?
the company’s mission
Data analysts, systems analysts, and database managers work within the field of:
information management
Dollar Tree and low-cost air carriers are examples of a ____________ business model.
Nickel-and-Dime
What year did I graduate high school?
2020
Inspiring, motivating, influencing and maximizing the efforts of people towards a common purpose is:
leadership
Which of the following areas of HR focuses on searching for appropriate candidates to fill a position?
recruiting
Using technology and assembly lines to make large quantities of the same product is:
mass production
Consumers have the most buying power with this type of market model.
Pure Competition
When is my birthday?
February 16th
A manager’s ability to make good trade-offs with limited resources, as well as to effectively handle difficult and/or complex business challenges is:
problem-solving skills
The explanations and expectations of duties and responsibilities are known as which of the following?
job descriptions
It is said that strategy is responsible for 10% of a business’s success, while ___________ accounts for the other 90%.
execution
One benefit of a competitive analysis is to better understand:
Your competitors’ strengths and weaknesses
What is my dog's name?
Anakin or Ani