The Basics of
Business
Business
An organization that provides goods and/or services to earn a profit.
What is a business?
Careers that allow you to improve the quality and safety of food, cultivating and preserving our natural resources, caring for livestock and other animals.
What is agriculture, food, & natural resources?
Founder of Nike.
Who is Phil Knight?
Tangible items such as phones, clothes, and food.
What are goods?
This brand has an iconic bunny mascot that wears sunglasses and carries a bass drum.
What is Energizer?
Takes place between a business and a consumer.
What is business to consumer (B2C)?
The money left after expenses are paid from sales revenue.
What is profit?
Careers that allow you to provide education and training services that serve individuals of all ages across a range of industries.
What is education & training?
Founder of Amazon.
Who is Jeff Bezos?
Intangible activities like haircuts, tutoring, and delivery.
What are services?
Popular fast food chicken franchise, owned by Yum!, was co-founded in 1952 by a well-known Colonel who obtained that title from the US state referenced in the restaurant’s name.
What is Kentucky Fried Chicken?
The sale of goods and services from one business to another.
What is business to business (B2B)?
This type of business aims to earn profits for owners.
What is "for-profit"?
Careers that allow you to travel and work with a variety of people all over the world and range anywhere from working in hotels and restaurants to amusement parks.
What is hospitality & tourism?
CEO and founder of Fanatics.
Who is Michael Rubin?
Arises when two or more businesses compete with one another to attract customers and gain an advantage.
What is competition?
What cereal in an orange box is advertised as “peanut butter cups, for breakfast?”
What is Reese's Puffs?
Consumers can offer their homemade crafts directly for sale to customers.
What is consumer to consumer (C2C)?
This type of business focus on goals rather than making money, charities, and/or foundations.
What is a nonprofit?
Careers that give you the opportunity to design, develop, manage different types of software programs and hardware.
What is information technology?
Co-founder of Apple.
Who is Steve Jobs?
Websites that make it easier for people to connect with one another online for the purposes of building and supporting social relationships
What are social networking sites?
Which bright-orange cheesy snack has cool Chester Cheetah as its mascot?
What are Cheetos?
The taking of someone's identity for the purpose of getting their personal information.
What is identify theft?
The simplest form of business structure, where a single individual owns & operates the business.
What is a Sole Proprietorship?
Careers that all you to plan, manage and perform the processing of materials into intermediate or final products (careers include production & maintenance).
What is manufacturing?
Founder of Tesla.
Who is Elon Musk?
Companies that have operations in more than one country.
What are multinational enterprises?
"Seasoned boneless pork dipped in a tangy BBQ sauce, topped with slivered onions and dill pickles, all served on a toasted homestyle bun" is how McDonald's describes what limited-availability menu item?
What is the McRib?
List 3 things other than your name and birthday that are considered personal and private information.
What is address, phone number, and social security number?
Legal agreement between two or more individuals or entities who agree to own and operate a business, sharing profits and losses.
What is a partnership?
Careers that allow you to plan, manage, and move everything from people to company products through a range of transportation services from road to rail and air to water.
What is transportation, distribution, & logistics?
Built cosmetics empire in the early 1900s and became one of America's first self-made female millionaires.
Who is Madam C.J. Walker?
A movement toward a more interconnected & interdependent world econiomy.
What is globalization?
The doughy mascot associated with canned biscuits, crescent rolls, and other unbaked confectionery has appeared as a balloon in Macy's Thanksgiving Day parades since 2009. The brand, featured in his name, he represents.
What is Pillsbury?
Name 3 ways to pay for online orders.
What are credit/debit cards, digital wallets, and buy now, pay later services?