Marketing
Conducting business transactions using the internet or other technology is known as:
E-commerce
The amount promised to be paid on a note is known as the:
Principal
In order to finance business activity, corporations can issue _______, which represents ownership in that corporation
stock(s)
Jack opens a shoe store in Houston, Texas. After the first two months of opening his business, he notices that very few customers are buying a particular type of shoe, resulting in him having lots of inventory in his store. To approach this problem, the most effective solution would be:
A) Keep shoes at the same price
B) Order more shoes from manufacturer
C) Lower prices of the shoes
D) Raise prices of the shoes
C) Lower prices of the shoes
Mechanical devices programmed to do routine tasks, such as those in factories:
robotics
Jessica wants to open a clothing store. Before launching her business, she wants to identify specific groups of customers that have similar wants and needs to form an effective business plan. These groups of customers are a part of her:
Target Market
What are the three C's of credit?
Character, Capacity, Collateral
What is the total dollar cost of credit, including interest and all other charges?
Finance Charge
Property that is used to secure funding:
Collateral
Software that enables computers to reason, learn, and make decisions:
Artificial Intelligence (AI)
This P of marketing is also known as distribution:
Place
In the formula: I = P x R x T , what does R stand for?
Interest Rate / Rate (%)
ALL TEAMS ANSWER!!
An investor has $10,000 in an investment account. The only thing they buy is one investment consisting of 50 shares of Apple when the company was being traded at $125/share. One year later, they sold all 50 shares when Apple was being traded at $175/share. What is the new current account balance for this investor? 3-4 minutes to solve!
$12,500
A type of loan in which you agree to make monthly payments in specific amounts over a period of time:
Installment Loan
The use of technology to create product styles and designs:
Computer-Aided Design (CAD)
The blending of four marketing elements - products, distribution, price, and promotion is known as the:
Marketing Mix
What is the highest possible credit score one can obtain? (perfect credit score)
850
As opposed to stocks, these are issued as investment securities where an investor lends money to a company or a government for a set period of time
Bonds
This type of budget plans income & expenses from the beginning of a new business until it becomes profitable
Start-up Budget
If an item is intangible, what is unique about it?
It has no physical form / cannot be touched
In class, we watched a variety of videos highlighting information on TEN (10) well-known businesses, and completed the "Business Shout Out" project via Google Slides. Name at least SIX (6) of these businesses we discussed in class that were used in this project.
Kendra Scott, Crumbl, Dutch Bros., Microsoft, Tesla, Alibaba, PayPal, Stitch Fix, Apple, Exxon Mobil, SpaceX (any of these SIX will be correct)
When a bank analyzes an applicant, it uses their FICO credit score as a primary indicator on granting credit. What does FICO stand for?
Fair Isaac and Company (or Corporation)
When a stock announces it will be publicly traded on a stock market, it is traded at the IPO price. What does IPO stand for?
Initial Public Offering
Operations, Investing, and Financing are three sections of what type of financial statement for a business?
Cash Flow Statement
If something is consumed the same time it is produced, it said to be:
Inseparable