Business Concepts
This type of entrepreneurial firm is one that is started to generate extra income and is not typically the way business owners make money.
What is a Side Business
What is the most common way to collect primary data from potential customers?
What is a survey?
This type of advertising occurs briefly when a business owner pitches their idea to a potential investor in less than 60 seconds.
What is an elevator pitch?
These include all of the items needed to start and run a business?
What are startup costs?
This actor plays Michael Scott in The Office.
Who is Steve Carell?
These are basic things you must have in order to survive.
What are Needs?
Food, clothing, shelter
"Don’t you agree that recycling is an important initiative for companies to embrace?" is an example of...
What is Survey bias?
What is a quick way to advertise and provide contact information to an investor during an elevator pitch?
What is give them a business card?
This is the point when a business has no profit and no loss.
What is Breakeven Point?
This Quarterback was drafted in 2004 by the Steelers.
Who is Ben Roethlisberger?
This business Model Type does not generate a profit. Money is typically given to charities.
What is a Non-Profit?
What is market research?
This method of advertising works best for older adults and is considered "Old School".
What is a billboard?
What is handing someone a flyer?
What is an email advertisement?
What is an ad in the newspaper?
These costs change depending on sales and production.
What are variable costs?
This teacher was hired at Montour High School in 2013.
Who is Mr. Jasin?
The business model type used who two people start a business together and share ownership.
What is a partnership.
The 4 P's of Marketing stand for...
What is Product, Price, Promotion, Place?
What company advertisement uses the catch phrase, "better ingredients, better pizza"
Papa Johns
This stays the same monthly regardless of sales.
What are fixed costs.
What teacher runs the Entrepreneurship club at Montour?
Who is Mrs. Heberle?
This market structure occurs when there is only one provider for a good or service. The company is able to charge whatever they want because consumers have nowhere else to get that product or service.
What is a monopoly ?
Name one problem with the surveys you gave out in class that could have led to inaccurate results.
-The wrong target market
-Questions may be specific towards a gender, age, or be very specific that not everyone can relate
-Questions may be too vague or too specific
-Questions may not have given multiple choices and the respondent didn’t know what to pick
-Question order may be not be correct and could hurt the results
What is the average cost to air a 30 second TV commercial during the Super Bowl?
What is $5 Million?
If fixed costs for a business are $10,000, and the selling price is 100. Variable costs for a unit are $50.
What is the breakeven Point?
What is 200 units?
TV show, The Office has how many seasons?
What is 9 seasons?