Marketing
What is a brick-and-mortar business?
A business that serves customers from a building or store.
What does GDP stand for?
Gross Domestic Product
What is a business plan?
A written outline that evaluates all aspects of your business.
A set of moral principles
Who wrote the album Sour?
Olivia Rodrigo
What are the four P's of marketing?
Product, price, place, and promotion
Gross income is the total amount you earn. Net income is the profit you earn after expenses and deductions.
What is the Time Value of Money?
Define a contract
A mutually binding legal relationship.
Which Taylor Swift song is this lyric from?
"And you've got a smile that can light up this whole town. I haven't seen it in a while since she brought you down."
You Belong With Me
What does a SWOT analysis stand for?
Strengths, Weaknesses, Opportunities, Threats
Define stocks and bonds.
Stock - ownership shares in a company
Bonds - loan from investors to a company or government
What is an LLC?
What do the Legislative, Executive, and Judicial Branches do?
Legislative - Makes the law (Congress)
Executive - Carries out the laws (President)
Judicial - Interprets the laws (Supreme Court)
What is the capital of Ireland?
Dublin
What is positioning?
Refers to where a brand occupies in the minds of the customers and how it's distinguished from competitors
What is THE accounting equation?
Assets = Liabilities + Shareholder's Equity
What does the WTO stand for and what is one of its functions?
What is negotiation and mediation?
Negotiation - both parties involved in a conflict discuss the dispute amongst themselves
Mediation - a neutral third party assists in conflict resolution
Who are the top 3 highest paid athletes in the world? (as of 2024)
Cristiano Ronaldo, Jon Rahm, and Lionel Messi
What are the four stages of the product life cycle?
1. Introduction
2. Growth
3. Maturity
4. Decline
What are the 3 main financial statements for a company?
Income statement, balance sheet, cash flow statement
What is the legal definition of a merger?
A combination of 2 or more corporations where the dominant business absorbs the passive one.
What is the role of the Federal Trade Commission?
The FTC enforces antitrust laws and protects consumers.
What is the longest mountain range in the world?
A) Andes B) Himalayas C) Rockys D) Appalachians
A) Andes