Equations
This is the formula for run rate.
Tangible items that require pick-up or delivery.
Physical products.
This data provides information about a customers age, gender, or ethnicity.
What is demographic data?
This step is important to do to be able to create and produce a product.
What is research?
The name of the Wizarding School the series is based off
What is Hogwarts?
This is the formula for Equity.
What are assets minus liabilities?
When a customer purchases an item from a business.
What is a business to consumer transaction?
These are the 4 P's of the marketing mix.
What is product, price, place, and promotion?
Making a product or service that many people want is called...
What is product/market fit?
The house the main characters are in
What is Gryffindor?
This is the formula for break even point.
What are total monthly costs divided by selling price?
Multiple inexpensive versions of a product.
What is a prototype?
This determines the cost of gaining new customers.
What are customer acquisition costs?
A method to get a product from the manufacturer to the end-user.
What is a distribution channel?
The name of the 3rd book/movie
What is Harry Potter and the Prisoner of Azkaban?
A performance metric that evaluates the efficiency of an investment by comparing the gain from the investment to its cost.
What is Return on Investment?
This person oversees daily operational and administrative functions in a company.
What is the Chief Operating Officer (COO)?
These are the 4 segments of sales data.
What are behavioral, geographical, demographic, and psychographic data?
A business can use this to cut down on costs or to improve its product's function.
What is value engineering?
The gift Harry gets in the 1st book/movie that is apart of the deathly hallows?
What is the invisibility cloak?
The ROI if a product costs $150 to manufacture and sell for $225.
What is 50%?
For profit corporations with limited liability.
What are S corporations?
A marketing method that uses ads on a website within a search engine.
What is SEO advertising?
A prototype used to test ease-of-use and functionality to help determine user experience.
What is a Minimum Viable Product (MVP)?
The name of the mischievous poltergeist that plays pranks and tattles on numerous students
Who is Peeves?