Economic Basics
Functions of a Business
Finance
entrepreneurship
Famous Business People
100
Water, food and shelter
What are known as human needs.
100
This department assists with the fair and equitable hiring and firing of employees. They ensure that workers rights are protected while serving the interest of the employer. They also ensure that the employer and employee obligations are fulfilled.
What is known as the Human Resources Department?
100
We charge interest to loan you money, all you need is to be 18 and then we offer you $500! We can charge unto 33% interest!
What are known as credit cards?
100
Alexander Graham Bell, Sam McGlaughlin, Banting & Best, James Naismith, and Joseph Bombardier
Who are all Canadian inventors!
100
Warren Buffett
Who is known as the gru of investing for millions of Americans?
200
When you have to manufacture a lot of a product because you can't keep it in stock.
What is known as the law of supply and demand
200
Rent, insurance, raw materials, wages are all.....
What are known as expenses?
200
We are in the business of watching your money for you! For this privilege we will pay you interest on your investments! Are large amount of our assets are wrapped up in real-estate.
What are known as banks or credit unions?
200
A strong work ethic, an innovative idea, a sound business plan are all key to this...
Who is a successful entrepreneur?
200
We are an aspiring group of young people who are working their way out of poverty to a new life by growing our own herbs and making our own line of salad dressings.
Who are known as "Hope Blooms"?
300
Joe Fresh, H & M, Walmart all sell clothing based on the idea of this....
What is known as "Fast Fashion".
300
Working for a minimum wage, the right to refuse unsafe work, not working under the age of 15.
What are known as workers rights?
300
Stocks, bonds, mutual funds, collectables....
What are examples of investments?
300
 A product or process that is a new idea; something that has never been seen or made before
What is an invention?
300
I learned about business from the bottom up, I joined the army and when I got back I wanted to open up my own diner. I made a fortune from feeding good food to families.
Who is Dave Thomas?
400
Chocolate, tea, and coffee can be purchased for less. Or an ethical consumer may choose to pay a premium price to ensure those that made the product benefit from the sale of the product.
What is known as fair trade.
400
Lids, Target, Tim Hortons, Harvey's
What are examples of franchises?
400
I am used to access your money! You can use me for a fee at any ATM, numerous stores, to buy food or gas, and even on line!
What is a debit card?
400
Using new technologies, materials or processes to improve on existing products or on how they’re produced or distributed
What is innovation?
400
I revolutionized the way the world makes products. I wanted to make a lot of the same thing for less and in half the time! I invented the assembly line.
Who is Henry Ford?
500
Canada Post, Via Rail, Bank of Canada and the CBC (Canadian Broadcast Corporation) all have this in common.
What is known as being Crown Corporations?
500
A - attention (Awareness): attract the attention of the customer. I - interest: raise customer interest by focusing on and demonstrating advantages and benefits (instead of focusing on features, as in traditional advertising). D -desire: convince customers that they want and desire the product or service and that it will satisfy their needs. A - action: lead customers towards taking action and/or purchasing
What is AIDA an acronym used in marketing and advertising that describes a common list of events that may occur when a consumer engages with an advertisement.
500
We spend and spend! We do not save! We are not prepared for a rainy day. Many of us they say are two pay cheques away from winding up on the streets on a rainy day.....
What is a consumer culture?
500
A venture that starts with an idea about the market rather than about a product
What is a Market Driven Opportunity
500
We invented technology that would change how the world would communicate with each other. One of our first large contracts was with the US's Department of Defence for use in Operation Desert Storm.
Who are Jim Balsillie and Mike Lazaridis?
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