Business Terminology
A person who starts and runs a business, taking on risk to make a profit is called an ________
Entrepreneur
A name, logo, or symbol that helps customers recognize a business is called a ______
Brand
What is the sports brand with the slogan “Just Do It”
Nike
The amount charged for a product or service.
Price
Who can be an entrepreneur?
ANYONE!
The people who buy products or services from a business are called _________
Customers
This type of marketing happens when customers tell friends or family about a business.
Word of Mouth
This portable gadget lets you make calls, send texts, and use apps.
Cell phone
Money left after expenses are paid is called ______
Profit
Who founded the Hershey Chocolate Company?
Milton Hershey
What is Specific, Measurable, Achievable, Relevant, and Time‑bound?
SMART Goals
Businesses use this to post photos, videos, and updates online to reach people.
Social Media
What company's slogan is “The Happiest Place on Earth.”
Disney
A place where people keep money safe and can withdraw it later is called a....
Who invented the Lightbulb?
Thomas Edison
These guide how a business acts, makes decisions, and treats people...(Ex. Integrity, honesty)
Values
The group of people a business wants to sell to is your _______ ________
Target Market
This electric car brand is known for its large touchscreen and self‑driving features.
Tesla
Money put towards supplies is called an
Expense
This entrepreneur is CEO of Tesla and founder of SpaceX.
Elon Musk
An organization that focuses on helping a cause instead of making money for owners is called a ________
Nonprofit
Businesses use this information from customers to improve products or services.
Feedback
What's the name of an online company that began as a bookstore and now sells almost everything?
Amazon
A plan that organizes your income and expenses is called a _____
Budget
Who co-founded Apple?
Steve Jobs