Brands
This brand has its motive from the Greek god of victory, and has a swoosh in the logo
NIKE
This term means the money you earn from working a job
Income
When a company charges money for a product or service, that amount is called this
price
A picture, symbol, or design that represents a company is called
logo
Max was born in 2008
False: he is 09
This brand mainly sells Classic, Zero-sugar, and Diet flavored products, and it is usually ubiquitous
Coca-Cola
The place where people go to buy and sell food and goods, either in a building or online
market
This term describes the money a company earns from selling its products or services before expenses are taken out
revenue
A short, memorable phrase used in advertising to promote a product is called
slogan, tagline
A term for the techniques that authors or speakers use to make their communication more persuasive, memorable, or impactful is called rhetorical devices
True
This tech company has a variety of products for sale, and every student should now have one of this company's products
Apple
This term describes the total value of all goods and services produced in a country in a year
Gross Domestic Product (GDP)
The person who starts and runs their own business is called this
entrepreneur
When a store puts up signs or commercials to tell people about a product, it is doing
advertise, advertisement
A company’s revenue is the amount of money it has left after paying all its expenses
False: that is a profit
This brand is well-known for its golden arches
McDonald's
When the price of something goes up because it costs more to make, we call this economic phenomenon an “___.”
inflation
When a company spends money to show ads and attract customers, this is called what?
marketing
Giving out free samples in a supermarket is an example of this type of activity
promotion
Promotion in marketing only means lowering prices to attract customers.
False: promotion also includes advertising, events, social media, and other ways to raise awareness
Founded in Sweden in 1943, this brand includes flat-pack designs and unpronounceable product names
IKEA
When you choose to buy one thing instead of another, the thing you didn’t choose is called this
Opportunity Cost
When a few company controls most or all of the market for a product, it is said to have this
oligopoly
When a store lowers prices for a short time to get more customers, it’s called a
sale
The Tragedy of the Commons describes how individuals overuse a shared resource when acting in their own self-interest, leading to its depletion
True