Business Basics
What is profit?
The money a business keeps after paying all expenses?
Who is the founder of Apple?
Steve Jobs
What are the 4 P's of Marketing?
What is Price, Product, Promotion and Place
What is revenue?
The total income a business earns from sales before expenses.
What brand has this slogan: "Save money, live better"
Walmart
What does liability mean in business?
A financial debt or obligation a company owes
Who is the founder of Amazon?
Jeff Bezos
What is the main goal of marketing?
To satisfy the customers wants and needs
What is cash flow?
The mouvement of money in and out of a business.
Which company has this slogan: "I'm Lovin' It"
McDonald's
What is a franchise?
A business that licenses its brand or model to others (like tim hortons)
Who is the founder of Tesla?
What does "Target customer/ Target market mean?
The specific group of customers a business aims to reach
What is depreaciation?
The decrease in value of an asset over time.
Which company has this slogan: "Just Do It"
Nike
What is a business called when it is owned by two or more people.
A partnership
Who created Facebook?
Mark Zuckerberg
What is the difference between advertising and marketing?
Advertising is one of the parts of the P's of marketing (promotion), whereas marketing is the combination of all of the P's. (Place, Product, Price, Promotion, Physical Evidence, Process, People)
What is inflation and how does it affect money?
When prices rise over time, decreasing the value of money.
What is Subway's Slogan
Eat Fresh
What is equity?
Ownership value in a company after subtracting liabilities
Which two people founded Google?
Larry Page and Sergey Brin
What is product differentiation?
Making a product stand out from competitors
What is a balance sheet?
A financial statement showing a company's assets, liabilities and equity at a specific time.
Which company has this slogan: "Think Different"
Apple