Fundamentals
What is a person called who identifies opportunities and takes risks to create a business?
Entrepreneur
What is the simplest form of business ownership, where one person has full control and responsibility?
Sole Proprietorship
What term describes how a company establishes its identity and differentiates itself from competitors?
Branding
What type of goals are specific, measurable, achievable, relevant, and time-bound?
SMART Goals
What is the process of selecting and managing distribution pathways to reach customers?
Channel Management
Which Disney movie features a princess with a long, magical, golden hair?
Tangled
Which smooth operator made us dance like there's no tomorrow with his 'Happy' tune?
Pharrell Williams
What is the term for an unmet need or opportunity in the market?
Market gap
Which type of business structure offers liability protection and flexible taxation options?
LLC
What is a specific group of customers identified by demographics and preferences called?
Target audience
What is the process of expanding a business’s operations efficiently to handle growth?
What type of distribution channel involves selling to customers without a retailer or wholesaler?
direct-to-consumer
What type of animal is Timon in ‘The Lion King’?
Meerkat
In what year did 'Despacito' drop, making waves with Luis Fonsi, Daddy Yankee, and Justin Bieber?
2017
What is the first step in the entrepreneurial discovery process?
Identifying the unmet need
What type of business model generates recurring revenue by regularly scheduled orders and payments from customers?
Subscription model
What is the unique benefit a product or service provides to its customers?
Value Proposition
What is the term for maximizing output while minimizing waste or costs?
Operational efficiency
What type of channel uses intermediaries like wholesalers or retailers to distribute products?
Indirect channel
Which Disney film is set in the fictional city of Agrabah?
Aladin
Which folk-rock band serenaded us with the catchy tune 'I Will Wait'?
Mumford & Sons
Name one benefit entrepreneurship provides to the economy.
Job creation or innovation
What business structure involves shared ownership and decision-making between two or more people?
Partnership
What type of customer program encourages repeat purchases through rewards?
Customer Loyalty Program
Name one advantage of automating business processes.
Improving efficiency or reducing costs
What type of channel combines direct and indirect distribution methods?
Hybrid channel
Who is the fashion designer in ‘The Incredibles’?
Edna Mode
Which rap superstar was missing from the 2011 banger 'Look At Me Now'?
Drake
What is the process of evaluating risks and rewards to determine the viability of a business idea?
Feasibility Study
What business model allows entrepreneurs to operate under an established brand?
Franchise
What is the term for tailoring experiences to meet individual customer needs?
Personalization
What is the role of resource management during scaling?
ensuring resources are allocated effectively to support growth?
Name one factor businesses must consider when choosing a distribution channel
target audience preferences, costs, or market needs?
In ‘Finding Nemo’, what type of fish is Nemo?
Clownfish
Fill in the blanks for Robin Thicke’s smooth 2013 single: 'Blurred...'?
Lines