Business Basics
The term for a person who starts and runs a business
What is an Entrepreneur?
The 4 Ps of marketing
What is Product, Price, Place, Promotion?
Revenue minus Expenses
What is Profit?
Innovation means...
What is creating new ideas or improving existing ones?
The largest continent...
What is Asia?
The money used to start a business
What is Capital?
A group of customers a business aims to sell to
What is Target Market?
The money borrowed that must be paid back with interest
What is a loan?
A startup is means...
What is a newly established business?
The ocean that is the Caribbean is located in
What is the Atlantic Ocean?
The document that outlines a business's goals and how it will achieve them
What is the Business Plan?
When a product is promoted through social media influencers
What is Influencer Marketing?
The term used for a business's day-to-day financial plan
What is a budget?
A problem a business solves for customers.
What is a value proposition?
The capital of Jamaica
Where is Kingston?
A business owned an run by one person
What is a Sole Proprietorship?
This strategy involves setting a low price to attract customers quickly
What is Penetration Pricing?
When expenses are greater than revenues
What is a loss?
The process of testing a business idea on small scale called...
What is pilot testing?
The longest river
What is the river Nile?
The total income a business earns before expenses
What is Revenue?
The term for how customers perceive a brand
What is Brand Image?
A financial statement shows assets, liabilities, and equity?
what is a balance sheet?
Someone who takes risks to start a new business
Who is an entrepreneur?
The most populated country
What is China?