GENERAL
THIS IS AN ENTITY THAT HAS BEEN STARTED WITH THE PURPOSE OF SOLVING A PROBLEM FOR A SPECIFIC CUSTOMER
WHAT IS A BUSINESS?
IT'S WHAT PEOPLE SAY ABOUT YOU WHEN YOU ARE NOT IN THE ROOM
WHAT IS A BRAND?
A business owned and operated by two or more people. Partners have unlimited personal liability for the business's debts, unless the partnership is structured as a limited partnership.
WHAT IS A PARTNERSHIP?
the branch of economics that studies the behavior and performance of an economy as a whole
WHAT IS MACRO ECONOMICS?
A MULTIPLE CHOICE QUIZ OF 20 QUESTIONS COVERING TOPICS THIS QUARTER LIKE MARKETING BUSINESS OWNERSHIP, ETC.
WHAT IS THE MIDTERM EXAM?
WHEN YOU TALK DIRECTLY TO THE CUSTOMER TO UNDERSTAND MORE ABOUT THEIR NEEDS AND WANTS
WHAT IS PRIMARY RESEARCH?
IN THIS ENTITY OWNERS HAVE SEPARATED THEIR PERSONAL AND BUSINESS ASSETS TO MITIGATE RISK
WHAT IS LLC?
THIS is a measure of the total value of goods and services produced in a country during a specific period of time. It's a key indicator of a country's economic health.
WHAT IS GDP? ( Gross Domestic Product )
IF YOU ACTIVATE THIS IN THE SIM, IT WILL HELP GENERATE MORE REVENUE
WHAT IS BIZ CAFE MARKETING?
WHAT IS CUSTOMER VALUE?
THIS TYPE OF BUSINESS OWNERSHIP IS NOT FOR THE FAINT OF HEART AND REQUIRES MORE GRIT, PERSISTENCE AND RESILIENCE THAN OTHER BUSINESS TYPES.
WHAT IS ENTREPRENEURSHIP?
This is the branch of government that acts as our national bank and sets the interest rate and money supply.
WHAT IS THE FEDERAL RESERVE?
THIS TYPE OF LEADERSHIP WHERE THE LEADER PUTS THEIR CONSTITUENTS NEEDS ABOVE THEIR OWN
WHAT IS SERVANT LEADERSHIP?
PRODUCT, PRICE, PROMOTION, PLACE
WHAT IS THE MARKETING MIX?
a business arrangement where a company sells the right to use its brand and business model to another company/individual. The individual pays an initial fee and ongoing royalties in exchange.
WHAT IS A FRANCHISE?
IN MICRO ECONOMICS, THIS IS A KEY FACTOR THAT DRIVES INDIVIDUAL CONSUMER BEHAVIOR
WHAT IS SUPPLY AND DEMAND?