Disruptive Innovation
Offering minor upgrades from one model to another is considered _______ innovation rather than Disruptive Innovation
Incremental
This business structure is ideal for young entrepreneurs who wish to test their ideas.
Sole Proprietorship
This Social Media platform is the "Best for Boomers".
Blockbuster's refusal to innovate led to their loss of market share to ______.
Netflix
Jeff Bezos, Mark Zuckerberg, and Elon Musk all benefited from this fundraising strategy.
Friends and Family
In the context of Disruptive Innovation, what replaces traditional journalists and newspapers?
Social media influencers
Michael Scott befriending a client at Chili's is an example of this concept.
Customer Experience or CX
By offering customers money for answering trivia questions, HQ is incentivizing their ________.
Participation
Elizabeth Holmes of Theranos created fraudulent blood test results. This is an example of:
Ignoring the law
How the "The Chosen" series was funded.
Crowdfunding
Shrinkflation affects what part of Maslow's Hierarchy of Needs
Physiological
Operations Management can be visualized by a ______.
Value Chain
Google Analytics is the preferred tool for this action.
SEO
The Cola Wars of the 1980's led to New Coke; a prime example of _________.
Ignoring Customers
Budget
Offering fake college degrees affects the highest level of Maslow's Hierarchy, which is:
Self-Actualization
Fixed costs/(Price per unit - Variable cost per unit)
Break-Even Point
GoPro's use of a customer's surfing video is considered:
User-generated content
Offering one product or service, ensuring demand is present, is a good safeguard against:
Hyper-Differentiation
Venture Capital firms can be ______, but _______ cannot be Venture Capital firms.
Angel Investors
Creating an investment scam where customer initially makes legitimate money, before their account is drained, is called:
Pig butchering
Shows a company's assets, liabilities, and equity at a specific point in time. It's used to assess a company's capital structure, liquidity, and financial health.
Balance sheet
A social media tool used for influencer campaign management.
Sprout Social
_____, in 2001, created their customer-free grocery store in a warehouse, spending an exorbitant amount of money without establishing demand.
Webvan
The maximum amount of money the US Small Business Administration will offer as a microloan.
$50,000