Business Terms
What is business ethics?
determines whats right or wrong in business
Define Counter offer
Rejecting an original over and coming up with a new one.
What is the most popular type of business?
sole prioperity
Which shark tank member is known for saling a education company for 800 million
Kevin
Name one new business that you tried this year?
Free response
What Shark tank invention made the most money?
The ring camera invention
Define profit motive?
The motive for getting a profit for your business
Define perpetuity
Which Shark tank Member was known for real estate?
Barbara
What is a good and bad investment deal?
A good investment keeps ownership and bad investments includes perpetuity and royalities.
Name one ridiculous invention on shark tank?
Endless responses
ex: draw a cat for you invention
Define Work experience
How you feel about the overall work experience. Such as seeing favortism or not feeling treated fairly
Define Politics without principle
Having facts with no evidence to support it
Which shark tank member created Fubu
Damon John
What was the name of the second most successful business from shark tank?
Scrub daddy
Define the term helicopter view
A summary or the focus of a subject
Define Customer Satisfaction
Reviewing customer reviews and feedback
Define wealth without work
Being given something without working for it
Which shark on shark tank is the only billionare on the show?
Mark Cuban
Name two business shows we have watched this year?
Free Response
Shark tank
Restaurant start up
kitchen nightmare
What are the three components of a business plan?
The idea, objective, marketing and execution
What are the three challenges that small businesses go through
lack of money
lack of passion
lack of business plan
Knowledge without character
Having knowledge but not having good characteristics as a person
What business on shark tank turned down offer for 30 million?
Was it
A. coffee and bagels
B. Sunglass company
C. Cheese bar company
Define Negotation
To Bargain for a deal that makes sense to you