Promoting and Selling
What is the term for activities a business uses to let customers know about its products or services?
Promotion
What is the term for a person who is currently working for pay?
Employee
How many employees (max) are in a small business?
20
What is the term for a person who starts and manages their own business?
Entrepreneur
What is the largest ocean on Earth?
Pacific Ocean
What is the term for a person that sells products directly to customers?
Personal Selling
Which document outlines the rights, responsibilities, and conditions of an employee’s work?
Employment Contract
What is the term/ name when the economy experiences a cycle of ‘booms’ and ‘busts’.
The Business Cycle
Which business was NOT an option to pick for the Improve Your Business task.
a) BurgerHub
b) EcoNest Creations
c) Rapid Repairs Mobiles
d) PageTurner Books
b) EcoNest Creations
What year did the Titanic sink?
1912
What is the term for the mix of elements a business uses to promote and sell its product, often called the “4 Ps”?
Marketing Mix
True or False: The gig economy refers to long-term, permanent employment.
False
Name one way a company can demonstrate Corporate Social Responsibility specifically in environmental sustainability.
using renewable energy, reducing waste, recycling programs, reducing carbon emissions
Which type of business structure allows two or more people to share ownership, profits, and responsibilities?
Partnership
Who painted the ceiling of the Sistine Chapel?
Michelangelo
Name one advantage of personal selling compared to mass advertising.
allows for direct interaction, builds customer relationships, can tailor the message to individual needs
What is the name of the Australian government agency that oversees workplace rights and safety?
Fair Work Ombudsman
What is the term for long-term decline in a country’s economic activity, often lasting several years?
Recession
What is the term for the difference between a business’s revenue and its costs?
Profit
What is the main language spoken in Brazil?
Portuguese
Name two ethical considerations businesses should keep in mind when promoting their products.
honesty in advertising, not misleading customers, avoiding offensive content, protecting children
Name one advantage and one disadvantage of casual employment for workers.
Advantage: flexible hours, variety of work
Disadvantage: less job security, no guaranteed income, fewer benefits
What is the term for government intervention in the economy to correct market failures or influence economic outcomes?
Economic regulation
Name two ethical responsibilities a business has to its employees, customers, or the environment.
Examples: fair pay, safe working conditions, honest marketing, sustainable practices
What is the largest internal organ in the human body?
Liver