Economic Forces
What term describes the general increase in prices and decrease in the purchasing value of money?
What is inflation?
What is the point at which a business’s revenue equals its costs?
What is the break-even point?
What framework includes Product, Price, Place, and Promotion?
What are the 4Ps of marketing?
What planning tool identifies strengths, weaknesses, opportunities, and threats?
What is a SWOT analysis?
The total amount of money being transferred in and out of a business is known as what?
What is cash flow?
The relationship between the availability of a product and the desire for that product is known as what?
What is supply and demand?
The difference between a company’s revenue and its costs is known as what?
What is profit margin?
The value a brand adds to a product, allowing it to command a higher price, is called what?
What is brand equity?
A business strategy where a company develops unique products to stand out from competitors is called what?
What is differentiation strategy?
What term refers to assets that can quickly be converted into cash?
What is liquidity?
What do we call the cost of forgoing the next best alternative when making a decision?
What is opportunity cost?
What is the term for things a business owns like machinery and buildings that the company uses to generate revenue?
What are fixed assets?
A company’s decision to contract services to a third party is referred to as what?
What is outsourcing?
The concept of spreading investments across various assets to reduce risk is known as what?
What is investment diversification?
The process of raising small amounts of money from a large number of people, usually online, is called what?
What is crowdfunding?
This term refers to a situation where a single company dominates a market.
What is a monopoly?
This type of financing involves raising money by selling ownership stakes.
What is equity financing?
Using platforms like Instagram and Facebook to promote products is an example of what kind of marketing?
What is social media marketing?
The practice of reducing waste while maintaining productivity is a principle of what production method?
What is lean manufacturing?
The interest rate that the Federal Reserve changes to control inflation is part of what policy?
What is monetary policy?
What is the economic principle that describes the decreasing additional output when adding more resources to a production process?
What is the law of diminishing returns?
What is the formula used to calculate the profitability of an investment?
What is return on investment (ROI)?
What strategy involves charging a low initial price to attract customers before increasing it later?
What is penetration pricing?
This strategic tool illustrates a project’s schedule and progress over time.
What is a Gantt chart?
The rate at which a startup spends its cash reserves before generating positive cash flow is called what?
What is burn rate?