Business Buzzwords
What does the acronym "CEO" stand for?
Chief Executive Officer
Who is the founder of Microsoft?
Bill Gates
What are the 4 p's?
Product, price, place and promotion.
What is the term for the money you earn on an investment, typically expressed as a percentage of the initial investment? (three words/three letter acronym)
Return on Investment (ROI)
What is the tallest animal in the world?
The giraffe
What is the term for the amount of money left after all expenses are subtracted from revenue?
Profit
Which entrepreneur founded Amazon in 1994?
Jeff Bezos
What does "SEO" stand for in digital marketing?
Search Engine Optimization
In accounting, what are the three main components of a balance sheet?
Assets, Liabilities, and Equity
This is the longest river in the world.
The Nile
What does the business term SWOT stand for?
strengths, weaknesses, opportunities, and threats
Who created the iPhone and was the co-founder of Apple Inc.?
Steve Jobs
What is the term for a group of customers a company has decided to focus its marketing efforts on?
Target Market
What type of budget shows how much money is expected to come in (revenue) and how much will be spent (expenses) over a specific period?
Cash Flow Budget
What planet is known as the "Red Planet"?
Mars
What is the term used for the total market value of a company's outstanding shares of stock?
Market Capitalization (or Market Cap)
Who is the businesswoman behind the cosmetics brand Fenty Beauty, making her one of the wealthiest self-made women in the world?
Rihanna (Robyn Rihanna Fenty)
In project management, what does the acronym "SMART" stand for when setting goals?
Specific, Measurable, Achievable, Relevant, Time-bound.
What does "diversification" mean in investing, and why is it important?
Diversification means spreading investments across various assets to reduce risk. It’s important because it helps mitigate the impact of any single asset performing poorly.
Which country is home to the famous Great Barrier Reef?
Australia
What does "CAC" stand for, and why is it important in a business context?
Customer Acquisition Cost. It measures the cost of acquiring a new customer, which is crucial for understanding the efficiency of marketing and sales efforts.
Which entrepreneur is known for founding the Virgin Group, which includes over 400 companies?
Richard Branson
What are the benefits of companies conducting market research?
Market research is a critical tool that companies use to understand what consumers want, develop products that those consumers will use, and maintain a competitive advantage over other companies in their industry.
What is the financial term for a company’s ability to meet its short-term liabilities with its short-term assets, often measured by the "current ratio"?
Liquidity
What is the only edible *food* that never goes bad?
Honey