Business Fundamentals
Food and Water
What are Needs?
Marketing
What defines all business activities to plan, price, promote, and distribute goods and/or services?
Line Graph
What graph is best fit for showing the trend of data over time?
It's Finger Lickin' Good!
What is the KFC slogan?
Physical item sold by a business
What are goods?
The Law of Demand
What is it when the price of a goods or service increases and the consumer demand goes down?
Fundamental Accounting Equation
What equation is
Liabilities + Equity = Assets?
Excel
What Microsoft program would be best fit to make a Balance Sheet?
Newspapers, Magazines, Radio, Television, Direct Mail, Outdoor Advertising
Where could you put your advertisments?
A person that buys products and/or services
What is a Consumer?
Equilibrium Point
When are Supply and Demands equal?
Managerial Accounting
Type of accounting used within a company to help make decisions about the company?
Memorandum
What kind of Document is generally sent within a organization and is very to the point?
Slogans
What are short phrases or motto that are catchy and memorable?
Entrepreneur
What is a called if a person starts their own business and/or businesses?
Cooperations
What kind of Business is its own legal entity separate from its owner?
The Factors of Production
What is this an example of: Land, Capital, Labour, Information, Entrepreneurship?
GAAP (General Accepted Accounting Principles)
What are the rules and procedures that accountants must follow when preparing financial statements?
Market Segmentation
What is the division of the total market into specific groups relating to consumer needs and characteristics called?
Businesses trying to sell similar products to the same customers.
What are competitors?
Esteem Need
What is it when one desires for self-respect, recognition, status, and appreciation from others?
Banks
Aside from the CCRA, what is the only type of institution that can request the financial statements of a private business?
Business Letter
What document requires 4 spaces after the date?
Attract ATTENTION
Hold INTEREST
Arouse DESIRE
Take ACTION to close the sale
What is the AIDA Formula?
Money or Resources used to Start a Business
What is Capital?