Money Makers
You want it all... but there’s not enough to go around. What’s that called?
What is Scarcity?
The place where buyers and sellers meet — both in person and online.
What is the Market?
What helps you stay focused, on time, and do top-quality work?
What is Work Ethic?
Profit = revenue minus _______.
What are Expenses?
You’re running a lemonade stand — what cost changes when it’s hot out?
What is Ice?
When everyone wants the new iPhone, that’s high _______.
What is Demand?
Land, labor, capital… and the one who brings it all together is called the __________.
What is a Entrepreneur?
True or False: Employers love hiring people with a strong work ethic.
True
You’re saving for a house — is that short, medium, or long-term?
What is a Long-Term Goal?
Your business has something no one else does. That makes it ________.
What is Unique?
When stores run out of new iPhones, that’s low _______.
What is Supply?
Money or assets invested in a business to help it grow is called ________.
What is Capital?
You want to meet new people who can help your future — what’s that called?
What is Networking?
A business that actually makes money is called…
True or False: Every great idea is a good opportunity.
False (timing matters!)
When more people want something than there is to sell — is that a shortage or surplus?
What is Shortage?
A company that helps people instead of keeping profits for itself.
What is a Non-profit?
You’re emailing your teacher — what’s the first thing they’ll see?
What is the Subject Line?
You buy something now hoping it’ll make you money later — what’s that?
What is an Investment?
When a product gives you something good in return, that’s called a ________.
What is a benefit?
Why do companies try to make a ton of products at once? (Hint: lowers cost per item!)
What are the Economies of Scale?
“The bigger the risk, the bigger the reward.” What’s that called?
What is the Risk/Reward trade-off?
True or False: An “intangible” product is something you can hold in your hands.
False
The more you make, the cheaper each one gets — what’s this called again?
What is the Economies of Scale?
When customers get exactly what they wanted, they feel ________.
What is satisified?