MARKETING
ECONOMICS
SALES/FINANCE
ENTREPRENEURSHIP
RANDOM
100
What are the 4 P's of Marketing?
Product, price, place, promotion
100
The point on the graph where supply and demand meet
Equilibrium
100
The amount of money made by selling goods/services before any expenses is called
Revenue
100
Someone who risks their own time and money into a new business idea is called an
Entreprenuer
100
Mr. Plaza went to these two colleges
Harper and UW-Whitewater
200
What is this type of pricing strategy?
Price Lining
200
When supply is greater than demand, there is a ________ of goods
Surplus
200
Sales - expenses =
Profit/Net Income
200
What is the TV show where entrepreneurs pitch their product idea to a panel of investors?
Shark Tank
200
This is the largest body of water on Earth
Pacific Ocean
300
This type of data has already been collected and can be found online from other published studies
Secondary data
300
Setting a maximum price on goods is called a ____ ______ and is used to protect customers in a period of rising costs.
Price Ceiling
300
Risking money in the stock market as a way to make more money is called
Investing
300
This is a document that entrepreneurs create to organize their ideas into sections like target market, key statistics, customer problems, and competition
BMC (Business Model Canvas)
300
Who is the 17th President of United States?
Andrew Johnson
400
Before launching a product, this type of testing is done specifically for the IDEA of your product to determine if there is a need for it.
Concept testing
400
When the cost of manufacturing a good increases, (supply/demand) will (increase/decrease)
Supply, decrease
400
_______ is the tracking of business transactions and creating financial statement to analyze the health of a business.
Accounting
400
What are the 4 factors of production?
Land, labor, capital, entrepreneurship
400
What is the fastest water animal OR the slowest land mammal?
Marlin/Sloth
500
Stores like Costco are known as a __________ who take bulk items and sell them in mass quantities
Wholesaler
500
This measures the value of goods manufactured and sold in a country. Also used to measure economic health.
GDP (Gross Domestic Product)
500
When a company wishes to enter the stock market, they offer their first shares as an _ _ _
IPO (Initial Public Offering)
500
A short, to the point, persuasive presentation of a business idea is called an
Elevator pitch
500
Within 3,000 what is the population of Elk Grove Village?
31,802