Marketing
What are the "4 Ps" that make up the traditional core marketing mix
Product, Price, Place, and Promotion.
The fundamental accounting equation upon which all double-entry bookkeeping is built.
Assets = Liabilities + Owner’s Equity.
The basic economic problem that arises because people have unlimited wants but resources are limited.
Scarcity.
Who is Southington High Schools chapter advisor
Mrs. Schena
The stage of the product life cycle where industry sales peak and profits begin to decline due to heavy market saturation and intense competition.
Maturity stage.
The financial statement that reports a company's revenues and expenses over a specific period of time to calculate net income or loss.
Income Statement
The market structure characterized by a single seller, high barriers to entry, and a unique product with no close substitutes.
Monopoly.
This is where you need to look to keep track of FBLA announcements, deadlines, or information regarding upcoming events and competitive guidelines at SHS.
Canvas
The pricing strategy that involves setting a high initial price for an innovative new product to maximize profits from early adopters before lowering it later.
Price skimming.
The type of balance normally carried by liability, equity, and revenue accounts.
Credit balance.
A widespread economic decline lasting across multiple quarters, traditionally measured by two or more consecutive quarters of falling Real GDP.
Recession.
If you are looking for photos of our meetings, fundraiser reminders, or live updates from our events you should go to
@southingtonfbla on Instagram
The type of market segmentation that divides a target audience based on consumer lifestyles, values, social classes, or personality characteristics.
Psychographic segmentation.
The accounting principle that requires expenses to be recorded in the same period as the revenues they helped generate.
The Matching Principle
The monetary policy action a central bank takes regarding the discount rate when it wants to cool down inflation and contract the money supply.
Raise the discount rate.
Get ready for candy, games, and face paint at this upcoming festive FBLA chapter event on October 27
In a SWOT analysis, a major national discount competitor opening a large supercenter nearby represents this specific type of factor.
External Threat.
The entry made at the end of an accounting period to transfer the balances of temporary accounts (like revenues and expenses) to a permanent equity account.
Closing entry
he economic principle stating that a nation should specialize in producing goods where it incurs the lowest opportunity cost or relative sacrifice.
Comparative advantage.
What is the amount of the grand prize you and your partner can win by taking first place in the SHS FBLA pickleball tournament.
Up to $100