Entrepreneurial and Small Business Concepts
Major fast food company that uses the golden arches as its primary logo
What is Mc Donald's?
This term describes companies that offer the exact same product or service to the same customer base.
What are Direct Competitors?
In this type of channel, a manufacturer sells products to the end consumer, bypassing intermediaries like wholesalers or retailers.
What is a Direct Channel?
This color has is often seen when dark.
What is Black?
This chip is packaged in a tennis ball like container and is known for its slogan "Once you pop, the fun don't stop."
What are Pringles?
When creating a personal or business budget, the formula used to determine if you have a surplus or a deficit
What is Income - Expenses or Revenue - Costs?
This demographic factor defines a target market by its purchasing power or level of economic well being.
What is Income or Economic Status?
These large centralized warehouses store product inventory and manage the packing and shipping processes for e commerce or retail businesses.
What are Fulfillment Centers?
This primary color is commonly associated with danger, stop signs, and the fruit of a certain big apple.
What is Red?
This classic candy bar was originally sold with three separate nougat pieces in different flavors.
What is the 3 Musketeers bar?
When a company's total revenue exactly equals its total costs, meaning the business is neither making a profit nor incurring a loss. Or, how much product a company needs to sell to gain back their expenses on the product.
What is Break-even point?
For products, these companies are brick and mortar buys goods in bulk from a manufacturer and resells them to consumers.
What is a Retail Store?
This version of a new product is tested with early adapters to achieve the real purpose.
What is a Minimum Viable Product?
This vibrant, dark color, is produced by mixing blue and red, and it's the signature color of royalty.
What is Purple?
The essential flavoring for this famous snack is generated by grinding up dried, roasted corn, which is then shaped into a tortilla chip.
What are Doritos?
A startup has a monthly revenue of $20,000 and monthly operating expenses of $50,000. What is____?($50,000 in expenses - $20,000 in revenue= $30,000 in _______).
What is Net Burn Rate?
This advertisement method provides a highly trusted diverse audience and often supplements its reach with online companion interaction throughout apps.
What is Social Media Advertising?
This assumption defines the value a product is expected to deliver to customers and why they would use it.
What is a Value Hypothesis?
The official hue of this precious metal is a dark, vibrant green.
What is Emerald?
This specific ingredient comes from the cacao bean, is used in most chocolate bars, but is mostly used in lotion.
What is Cocoa Butter?
This model has a shorter sales cycle driven by individual decisions and emotion, and is direct but product delivery timing may vary.
What is Business 2 Consumer?
The introduction of a high efficiency alternative by a new startup is an example of this specific external, potentially damaging factor in a SWOT analysis.
What is Threat and/or Competition?
This formalized document provides the criteria, methods, and procedures for measuring and ensuring a product's consistent performance and excellence.
What are Quality Standards?
This is from the crushed bodies of some insects, this intense pigment is used in cosmetics, mostly for lipstick.
What is Crimson?
The name of this savory puffed corn snack is made from cheese and the factory process to create its unique, tube like shape.
What is a Cheeto?