Professional Development
Name three important sections commonly found on a resume.
What are Education, Experience, Skills, Activities and Certifications ?
A name, symbol, or design that identifies a product is called this.
What is a brand?
A plan for how you will spend and save your money is called this.
What is a budget?
This process involves hiring and training new employees.
What is onboarding?
A person who starts and runs their own business is called this.
What is an entrepreneur?
This short 30-second introduction about yourself is often used at networking events and interviews.
What is an elevator pitch?
This term refers to the group of customers a business aims to reach.
What is a target market?
The extra money charged for borrowing money is called this.
What is interest?
Ordering products before you run out is part of managing this.
What is inventory?
People who give money to help start a business in exchange for future profit are called this.
What are investors?
This document is sent with a resume to explain your interest in a job.
What is a cover letter?
What are two of the four elements make up the marketing mix.
What are Product, Price, Place, and Promotion?
When prices of goods and services increase over time, it is called this.
What is inflation?
A business that checks products for damage before selling them is focusing on this.
What is quality control?
A short presentation used to convince someone to invest in a business idea is called this.
What is a pitch?
This online platform is commonly used to showcase your professional profile and connect with employers.
What is LinkedIn?
This stage of the product life cycle is when sales begin to slow down.
What is the decline stage?
This document shows a company’s revenues and expenses over a period of time.
What is an income statement?
When companies try to keep customers coming back instead of losing them to competitors, they focus on this.
What is customer retention?
When a business sells products online instead of in a physical store, it is using this type of selling.
What is e-commerce?
Your online reputation and activity visible to employers is known as this.
What is your digital footprint?
The total value a customer brings to a business over time is known as this.
What is customer lifetime value?
This term describes spreading investments to reduce risk.
What is diversification?
When businesses predict how many products customers will want in the future, they are doing this.
What is demand forecasting?
Testing a business idea on a small scale before fully launching is called this.
What is a pilot test (or trial run)?