Finance
What is the term for money a company earns after subtracting its expenses?
Profit
What is an entrepreneur?
Someone who starts and runs their own business
What industry involves providing food, lodging, and entertainment?
Hospitality
What do we call telling people about a product to get them to buy it?
Marketing
What do we call it when someone guides a team to reach a goal?
Leadership
What financial document shows a company’s revenues, expenses, and profits over a specific period of time?
Income Statement
What do entrepreneurs need to start a business?
An idea, a plan, and some money to get started
What do you do when you first arrive at a hotel?
Check-in
What are the 4 P's in marketing?
Product, Price, Place, Promotion
What kind of leader helps others grow and succeed
A transformational leader
What paper shows a company’s income and expenses?
Variable Costs
What do entrepreneurs need to start a business?
An idea, a plan, and some money to get started
What is it called when a business works to keep customers coming back?
Customer Loyalty
What is content marketing?
Sharing useful information to attract customers.
What type of leadership involves making descisions with input for the team (HINT: It has the same name as a political party!)
What does ROI mean in business?
Return on Investment
What is risk in business?
The chance that a business might lose money or fail
What service do hotels offer to make sure guests are happy?
Guest Service
What is a target market?
A group of people whom your product is marketed to
What is servant leadership?
A leadership style focused on serving others
What’s the difference between stocks and bonds?
Stocks are ownership in a company, bonds are loans to a company.
What does it mean to be innovative as an entrepreneur?
Coming up with new ideas or improving existing products or services
What kind of business offers rooms for people to stay in?
Hotel
What’s the difference between B2B and B2C marketing? (HINT: B stands for business)
B2B is business-to-business, B2C is business-to-consumer
Why is leadership important?
It can help you throughout life, personal and professional