Unit 1:Economics
The number of goods and services that consumers are willing to buy at different prices at a specific time.
Demand
All commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.
International Business
A business owned and operated by one person.
Sole Proprietorship
What does GDP stand for?
Gross Domestic Product
What are the names of all six infinity stones from the Avengers movies?
Time, Space, Soul, Mind, Power, Reality
The number of products that businesses are willing to sell at different prices at a specific time.
Supply
A strategic business model that involves promoting products and services in various markets around the world and adapting the product/service to the cultural norms, taste preferences and religious customs of the various markets.
Multi-Domestic Strategy
Chick-Fil-A would be an example of a...
Franchise
What are the five parts of a professional email?
Subject Line
Salutation
Body
Closing
Signature
Before this season, when was the last time the Phillies played in the World Series?
2009
What are two of the four factors that can affect supply?
Number of Sellers
Technology
Resources
Costs of Manufacturing
A business strategy that involves selling products and services in different foreign markets without changing the characteristics of the product/service to accommodate the cultural norms or customs of the various markets.
Multi-National Strategy
Someone who creates and owns a business based on a need they see in their community
Entrepreneur
What are the three aspects of the hierarchy of business needs pyramid?
Survive
Sustain
Profit
What are four of the names of Santa's Reindeer?
Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner, Blitzen, Rudolph.
What are two of the four factors that can affect demand?
Income
Population
Customer Preference
Price of Substitutes
What is Burger King called in Australia?
Hungry Jacks
Owners are called shareholders
Corporation
What does LLC stand for?
Limited Liability Corporation
President Obama
What are the three basic economic systems?
Communism
Socialism
Capitalism
It gives an edge over others in the competitive workplace.
It gives you the confidence to stand out in diverse settings.
Builds a positive image.
Business Etiquette
Requires an agreement amongst all members involved in the business.
Partnership
What are the four types of competition?
Monopoly
Oligopoly
Pure Competition
Monopolistic Competition
How many bones do sharks have?
None