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This is the Business processes that are used to understand, anticipate and satisfy consumer needs and wants both now and in the future
What is Marketing
A situation where both parties get along is an example of this
What is a Cooperative Relationship
These stakeholders often provide funding to startups and emerging companies in exchange for equity. Who are they?
Who are Investors
This is a social science. It studies how scarce resources are distributed to satisfy the needs and wants of consumers and businesses.
What is Economics?
Song 1
Busy Woman - Sabrina Carpenter
Geographic, Demographic and Psychographic are examples of this
What is Market Segmentation
Two farmers from Kerry trying to win a contract with a Dublin company would be an example of this
What is a competitive relationship?
In the business world, who are the organizations or companies that offer similar products or services and vie for the same market share?
Who are Competitors
This is a sustained increase in the level of selling prices over a specified period. It reduces the buying power of each euro
What is Inflation
Song 2
Dancing Queen - Abba
This is a name, logo, letters and numbers to distinguish themselves from their competitors
What is a Brand
Shareholders and Entrepreneurs might have this type of relationship
What is a Dynamic Relationship
What entity sets and enforces rules and regulations that businesses must adhere to in order to operate legally?
Who are the Government
This is the cost of borrowing money
What is Interest
Song 3
Examples of this include NEW FEATURES, CHANGE THE PRODUCT, LOWER PRICE & ADVERTISING
What is Extension Strategies
A situation where one stakeholder really needs another stakeholder
What is a dependent relationship
In a business, which stakeholder group is responsible for providing labor and expertise in exchange for compensation?
Who are Employees
This is an increase in gross national product (GNP) per head without any changes in the structure of society
What is Economic Growth?
Song 4
Enchanted - T Swift
This is the formula for the Breakeven Point
What is Fixed Costs over CPU
Two Football teams competing for the signature of a player would have this type of relationship
What is a competitive relationship
SIPTU, ASTI and IFA are examples of these
What are Interest Groups
This is everyone between the ages of 16 and 65 who is working or available for work
What is the Labour Force
Song 5
Merry Christmas Everyone - Shakin Stevens