Key Metrics
Young Entrepreneurs
Recreation and Leisure Industry
Types of Businesses
Vocabulary
100

Numbers that a business measures to tell if the business is successful.

Key Metrics

100

At the age of 9 Moziah Bridges couldn't find a suitable _____ _______ to make the fashion statement he was looking for so he created Mo's Bows.

Bow Ties

100

Found in most neighborhoods throughout the city these public facilities include, after school programs, sports leagues, camps, and art programs.

Recreation Centers

100

A business that buys goods in small quantities, often from wholesalers, and resells the goods to  consumers, who are the final buyers.

Retail

100

One-time items needed to get your business started.  The minimum expenses necessary to get a business off the ground.

Startup Expenses

200

If you are focusing on the number of Tik Tok followers which of the following Key Metrics are you focusing on: Customer Retention, Customer Satisfaction, or Viral Reach.

Viral Reach

200

At seven Kamaria Warren tried to find Birthday ______________ that looked like her and her friends.  She started Brown Girl Stationary.

Invitations

200

The need to maintain a healthy lifestyle through exercise has led to the creation of these.  Think Planet

Fitness Clubs

200

A business that provides and sells services to a customer for a fee.

Service

200

Expenses that vary based on the amount of goods or services a business sells, such as materials, labor, equipment, delivery charges, and sale commissions.

Variable Expenses

300

If you are measuring the number of customers you had at the end of the month the Key Metrics you are focusing on is Customer Retention, Customer Satisfaction, or Viral Reach.

Customer Retention

300

At age 8 Lilly Born saw her Grandfather who had Parkinson constantly knocking his drink over.  She created a 3 legged ________.

Cup

300

This form of leisure includes grabbing some popcorn before sitting down to enjoy the latest release.

Movie Theater

300

Business that converts materials into goods for use and sells those goods to others.  Example making a toy for children ages 2-4 to sell to their parents.

Manufacturing

300

An expense that isn't affected by the number of items a business produces, such as insurance, monthly salaries, advertising, interest, utilities, rent, and other bills that are fixed payments regardless of sales made.

Fixed Expenses

400

You design a survey to find out how your customer feels about your product or service.

Customer Satisfaction

400

At age 13 Hart Main developed a product called Man Can.   His scented product moved away from the traditional flowery scents to more "masculine" smells such as bacon, sawdust, and campfire.

 Candle

400

Disney World or Dorney Park, 

Amusement Parks

400

Business that buys goods in large quantities and resells the goods in small batches to retail stores or customers that are not the final buyers.

Wholesale Business

400

Payment to employees per hour worked or piece of work completed.  An hourly ___________.

Wage

500

If you lost 100 customers last month you did not do a good job with, Customer Satisfaction, Customer Retention, or Viral Reach.  Pick two that fit the scenario.

Customer Satisfaction and Customer Retention

500

At age eight Michael Wren started Mikey's Munchies where he sells snacks out of ________ __________. 

Vending Machines

500

This form of leisure includes sleeping in the great outdoors.

Camping

500

The individual who exchanges money for goods.  They are making a purchase.

Purchaser

500

The amount of money a business receives during a specific time period. 

Revenue

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