FBLA Facts and History
What does FBLA stand for?
Future Business Leaders of America
What is an entrepreneur?
A person who starts and manages a business, taking on risks for profit.
What does ROI stand for?
Return on Investment
What are the 4 P’s of marketing?
Product, Price, Place, Promotion
Define “teamwork.”
Working together with others to achieve a common goal.
What year was FBLA founded?
1937
What is supply and demand?
The relationship where price is determined by the quantity of goods available (supply) and the desire for those goods (demand).
What financial statement shows a company’s assets, liabilities, and equity?
Balance Sheet
What is market segmentation?
Dividing a market into smaller groups of consumers with similar needs or characteristics.
What is a leadership style where the leader makes all decisions?
Autocratic leadership
Where are FBLA Nationals for 2026, this school year?
San Antonio, Texas
Define “ethics.”
Ethics is a system of principles that guide our actions and decisions, help us determine what is right and wrong
What is the formula for profit?
Profit = Revenue – Expenses
What is the difference between advertising and public relations?
Advertising is paid promotion of products/services.PR is managing public image and relationships, often unpaid.
Who developed the hierarchy of needs theory?
Abraham Maslow
Name one of FBLA's offical colors.
Blue or gold.
What is the difference between goods and services?
Goods are physical items; services are actions or activities performed for others.
What is depreciation?
The reduction in value of an asset over time due to wear, tear, or outdated.
Define “brand loyalty.”
When customers consistently choose one brand over competitors due to trust or satisfaction.
What is the difference between management and leadership?
Management focuses on planning, organizing, and coordinating; leadership focuses on inspiring, motivating, and guiding people.
What are four divisions of FBLA?
FBLA Middle School
FBLA High School
FBLA Collegiate
FBLA Professional Alumni Network
What does GDP stand for?
Gross Domestic Product
What is the difference between debit and credit in accounting?
A debit usually means money going out or an increase in assets, while a credit usually means money coming in or an increase in liabilities.
What is influencer marketing?
Influencer marketing is a partnership between social media influencers and brands, to market their products for viewers.
What does SWOT analysis stand for?
Strengths, Weaknesses, Opportunities, Threats