Business
What do businesses provide
A business provides goods and services to satisfy needs or wants.
What's a form of earned income?
Wages
Salary
Commission
Tips
Bonuses
What is an Impulse motive
a sudden and strong desire to make a purchase.
What is the term for a market structure with only one seller?
monopoly
Which line from A Minecraft Movie became a viral sensation, causing pandemonium in theaters?
Chicken jockey
It costs $10 to make a book, which is sold for $15. What is the profit if we sell 10 books?
50$
What is A fixed (consistent) payment for work, and is usually expressed as an annual figure. It is paid in periodic equal payments.
salary
what is market segmentation
The process of dividing the market into smaller groups.
What term is used for a business's net earnings after taxes?
net income
"My momma always said, life was like a box of ___________. You never know what you're gonna get." What is the missing food that completes this quote from "Forrest Gump"?
chocolates
a market structure where a few large firms dominate, controlling a significant portion of the market
oligopoly
What is commission
Income paid as a percentage of sales made by a salesperson
What are 3 of the 7 functions of marketing
The product/service management function
pricing
Marketing information management (MIM)
channel management
The market planning function
promotion
selling
What does GDP stand for in economics?
gross domestic product
What song did Katy Perry sing during her brief flight to space in April 2025?
"What a Wonderful World"
What is a tax on imported goods
tariff
What's the difference between gross pay and net pay?
Gross pay is total income before payroll deductions
Net pay, or take-home pay, is gross pay (plus bonuses) minus payroll deductions
_____are the influences that come from within a person or why a person has specific needs and wants.
Psychological influences
What is the term for a company's financial debt?
liability
What is a single strand of spaghetti called?
A spaghetto
What is communism
a political, economic, and social ideology that aims to create a classless society where resources are collectively owned and distributed based on need, rather than individual ownership and market forces. It envisions a society where there is no private property, social classes, or money, with everyone contributing to society and receiving what they need.
What is A process used by individuals to manage limited income to meet unlimited personal needs and wants
personal financial management.
what are the 6 consumer motives
impulse
convenience
prestige
rational
patrioage
emotional
What financial statement summarizes a company's performance over a specific period
income statement
What movie is this from "Yo, Hold My Poodle! Hold My Poodle!"
White chicks