Marketing
What are the 4 P's of Marketing
Product, Place, Promotion, Price
The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns
1040
A budgeting method that allocates 50% to needs, 30% to wants, and 20% to savings and debt repayment
50/30/20 Budget
An activity that will produce money
Revenue Stream
This city is nicknamed the City of Angels
Los Angeles
The number of times per advertisement, game, or show that a product or service is associated with an athlete, team, or entertainer
Gross Impression
Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
Dependent
Total earnings before any deductions are taken
Gross Pay
The amount of satisfaction a person receives from the consumption of a particular product or service
Economic Utility
BONUS POINTS
if you can list the 4 types of utility
What are the three primary colors
red, yellow, blue
The creation and maintenance of satisfying exchange relationships
Marketing
A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
W-2
A cost that can be expected at regular intervals and that remains the same amount (e.g., monthly rent payment)
Fixed Expense
Minimizing risk through careful planning, attention to details, and adherence to legal safety standards
Risk Avoidance
What year did the Titanic sink
1912
Shared characteristics of a group of people such as age, marital status, gender, ethnic background, income level, and educational level
Demographics
Any income (wages/salary) that is generated by working
Earned Income
A set amount you are paid for every hour that you work; also called hourly pay
Wage
______ in a business, can result from customer dishonesty, employee theft, and company incompetence
Human Risk
what year did the NFL start
1920
Designing, developing, maintaining, improving, and acquiring products or services for the purpose of meeting customers needs and wants.
Product/service management
Spending by the federal government determined by legislative action and approved through votes by elected officials
Discretionary Spending
An individual who earns money on a per-job or per-task basis, usually for short-term work. They are not an employee of an organization.
Freelancer
There is no guarantee that consumer demand will remain consistent over any specific period of time. A chance that demand will increase
Gain or Loss Risk
who won the home run derby in 2022
Juan Soto