Fill in the Blank Pt. 1
Service: Offers __________ to customers
Assistance
Partnership: When ___ or more people run a business together
Two
What is NOT an example of a fixed expense?
A: Auto Insurance
B: Rent
C: Groceries
D: Mortgage
C: Groceries
Which is NOT an example of variable expenses?
A: Doctor bills
B: Auto Insurance
C: Entertainment
D: Car Repairs
B: Auto Insurance
At the end of the month, Anna has to pay rent for her apartment and car. What would this be an example of?
Fixed Expenses
Bankruptcy: When a business can no longer pay its ____ and has to stop operating
Debts
Corporation: An organization with the purpose of operating for a ______
Profit
Money and other valuables belonging to an individual or business
A: Assets
B: Liabilities
C: Profit
D: Unit of Sale
A: Assets
An amount of money a company owes to someone or another business
A: Assets
B: Start-Up Capital
C: Profit
D: Liabilities
D: Liabilities
Friends Matthew and Katherine both went into a clothing store. Katherine bought a shirt and Mathew bought a pair of jeans. What would this be an example of?
Unit of Sale
The four P's of Marketing: __________, Price, _______, and Promotion
Product, Place
Break Even Point: The moment a business stops being __________ and starts to earn a profit
Unprofitable
Is the art of presenting a business in a way that clearly communicates the value of the product or service
A: Marketing
B: Business Plan
C: Entrepreneurship
D: Business Pitch
A: Marketing
The amount of money brought in by a business before any expenses
A: Liabilities
B: Profit
C: Working Capital
D: Revenue
D: Revenue
A new gas station opens up across the street. Joseph, the owner of the original gas station, tries everything he can do since the prices of gas are the same at both locations. What would this be an example of?
Direct Competitor
Working Capital: A company's _______ after all _______ and ________ have been accounted for
Profit, Assets, Liabilities
Start up Capital: The _______ required by a new business to pay for essential fixed and current _______ before it can open for business
Finances, Assets
Sell directly to the customer, for instance a local shoe store that gets its shoes from the different shoe companies wholesalers to sell to customers that come into the store
A: Wholesalers
B: Manufacturers
C: Retailers
D: Entrepreneur
C: Retailers
The moment when a business stops being unprofitable and starts to earn profit
A: Bankruptcy
B: Break-Even Point
C: Revenue
D: Working Capital
B: Break-Even Point
Kayla is working on creating an idea for an invention she has. To start her business, she must market it to others so they can buy it. She makes a proposal about her idea and presents it to her boss. What would this be an example of?
A Business Pitch
Wholesalers: To sell products in larger volumes (____________________) to the retailer
But less than the manufacturer
Revenue: The amount of money brought in by a __________ before any _________
Business, Expenses
An organization with the purpose of operating for a profit
A: Working Capital
B: Target Market
C: Marketing
D: Corporation
D: Corporation
Sell products in larger volumes (but less than the manufacturer) to the retailer
A: Manufacturers
B: Wholesalers
C: Revenue
D: Corporation
B: Wholesalers
Gabriel is the owner of a new business. Before he can open up a new location, he must pay for all items that belong to his business, assets. What would this be an example of?
Start-Up Capital