Vocabulary
What does "circle back" mean
to revisit later
If you sell something for 10 dollars, but it cost you 12 dollars to make do you make profit. True or false
false
A fried chicken restaurant receives a bad review stating bad customer service. What should they do.
A. threaten to sue the reviewer for defamation.
B. Insult them
C. Threaten them
D. Apologize and train their employees to treat the customer better.
D
What does having your "ducks in a row" mean
to be thoroughly organized
If you earn 100 dollars with a 10% tax rate you take home 95 dollars. True or false
false
A dental office cant afford to pay all its employees what should it do.
Increase profit or let go some employees
What does B2B mean
Business to Business
If you spend 200 dollars with an 8% sales tax rate how much did you pay in taxes.
16 dollars
A toothpaste company releases a new Chitlins flavored toothpaste which sells out in a day what should the company do.
Increase supply and raise the price
What does ROI mean
Return on Investment
What is the formula for net profit
Total revenue-total expenses equals=net profit
A Long John Silvers wants to expand to another location but doesn't have the liquid capital to do so what should it do.
What does CAGR mean
Compound Annual Growth Rate
What is the revenue formula
Price X quantity sold= revenue
Arby's has large amounts of unsold meat mountains what should it do.
Lower prices and increase marketing.