Business Basics
The definition of Entrepreneur
Who is someone who starts and runs a business?
Difference between Revenue and Profit
Revenue is total income, while profit is what's left after expenses
The STAR Method
What is Situation, Task, Action & Result?
Marketing Mix
What is Product, Price, Place & Promotion?
Founder of FBLA
Who is Dr. Hamden L. Forkner?
Why Most Startups Fail
What is poor cash flow or lack of demand?
What a credit score is used for
What is a metric for the likeliness of someone repaying debt?
Example of a Professional Email
What is firstname.lastname@platform.com?
Definition of "brand identity"
What is how a company presents itself to customers?
This company started in a garage selling computer parts and later became a trillion-dollar company.
What is Apple
Definition of "Target Market"
What is a group of people a business serves?
Compound Interest
What is interest calculated on both the initial amount and previous interest?
Examples of Soft Skill(s)
What are personal qualities like communication or teamwork?
Purpose of a Slogan
What is to make a brand memorable?
A man buys a $10 item with a $20 bill. The cashier doesn’t have change, so he goes to another register to get it. On the way, he drops the $20 and loses it. What’s the store’s total loss?
What is $10 - this is the item's value
Gross Domestic Product
Inflation
What is a rise in prices that reduces the value of money over time?
Resume Objective
What is summarizing career goals and relevant skills?
Market Segmentation
What is dividing customers into distinct groups?
This ceo said, "Your most unhappy customers are your greatest source of learning." Who said this?
Who is Bill Gates?
What SWOT stands for
Strengths, Weaknesses, Opportunities, Threats
Diversification in Investing
What is spreading investments to reduce risk?
Importance of Networking
What is relationship building and creation of job opportunities?
Guerrilla Marketing
Best one wins