Quarter 1
What is a product?
an article or substance that is manufactured or refined for sale.
What is advertising?
a way of communicating with the public about a product, service, or idea, typically with the goal of persuading them to take some action, like making a purchase.
what is a popular franchise?
Mcdonald's
What is personal finance?
Personal finance encompasses all the financial decisions and activities of an individual or household, including budgeting, saving, investing, and planning for the future.
What is a paycheck?
A written order, usually in the form of a check, that an employer provides to an employee as payment for their work.
what are things you should do on a job intervew?
Key things to do include arriving early, dressing professionally, listening carefully to questions, answering thoughtfully and clearly, and showing enthusiasm for the opportunity.
what are effective ways to market?
understanding your audience, building a strong brand, leveraging online platforms, and creating compelling content.
What is an independent business?
One that is privately owned and operated, meaning it's not a franchise, subsidiary of a larger company, or a publicly traded entity.
How often should you check your credit report?
You should check your credit reports at least once a year, but ideally more often for financial protection. While a yearly check is a good baseline, reviewing your reports quarterly or even monthly can help you catch errors or signs of identity theft earlier
What is the 50/20/30 rule in budgeting?
The 50/20/30 rule is a popular budgeting method that divides your net income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment.
What is Free Enterprise System
a system that includes the free will to own property, compete, be a risk taker and make profits.
What can be a problem in downtown department stores?
1- Crowed shopping conditions such as parking and deliveries
2-Shift in population to the suburbs
Name a type of business ownership
The primary forms of business ownership in the United States are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.
What is the difference between salary and hourly pay?
Salary is a fixed annual amount, while hourly pay is a set rate for each hour worked.
What is the difference between a tax deduction and a tax credit?
A tax deduction reduces your taxable income, lowering the amount of income you are taxed on. A tax credit directly reduces the tax you owe, dollar for dollar. Credits generally provide greater savings than deductions.
How does a non profit organization work?
Non profit organizations work like a running business and use the profits to put into whatever organization or cause that it's supporting while a profit organization just uses its profits to keep their business running.
Name 5 different ways to advertise
Social Media Advertising, Search Engine Marketing (SEM), Email Marketing, Influencer Marketing, Traditional Advertising
Describe the different between independent and franchise?
A franchise is a locally owned business that operates under the established brand and system of a larger, national or regional franchisor, offering a proven model and support network. An independent business is a locally owned business that operates autonomously, without any affiliation with a larger brand, granting the owner complete control over all aspects of the business.
What’s the benefit of contributing to a 401(k) with employer match?
Contributing to a 401(k) with an employer match offers several key benefits: it provides free money, accelerating retirement savings, and incentivizes saving more. It essentially gives you a boost to your retirement savings by adding to your contributions with your employer's match.
What does "gross income" mean?
The total amount of money earned by an individual or business before any deductions or expenses are subtracted, such as taxes, or the cost of goods sold.
What is Shwartz favorite team?
Tennessee
What does Shwartz teach other than DECA?
Sports and entertainment marketing
Where does Shwartz coach swimming?
Wethersfield
What was Shwartz job before teaching?
Dell computers
What color does Shwartz wear every single day?
orange