Personal Finance
What is a budget?
A plan for how you spend and save your money.
What is inflation?
A general rise in prices over time.
What are the 4 Ps of marketing?
Product, Price, Place, Promotion
On Shark Tank, what do the business owners come on the show to ask for?
Money (an investment).
What does “entrepreneur” mean?
Someone who starts and runs a business.
What does APR stand for?
Annual Percentage Rate.
What is demand?
How much people want a product.
What is a target audience?
The specific group of consumers a product is aimed at
In Barbie (2023), what type of company does Barbie live in the world of?
A toy company
What is a business idea?
A product or service you want to create or sell.
What is a credit card used for?
To borrow money now and pay it back later.
What is a market?
A place (online or in person) where buyers and sellers come together to trade.
What is a brand?
A brand is the overall identity of a company — how it looks, feels, and is recognized by customers.
In Emily in Paris, what industry does Emily work in?
Marketing and social media.
What is equity?
Ownership in a company.
What type of interest earns interest on your interest?
Compound interest.
What is a recession?
A period when the economy slows down and people buy less or lose jobs.
What is brand loyalty?
When customers keep buying the same brand again and again.
On Shark Tank, what do the Sharks give besides money to help a business grow?
Advice and guidance (mentorship)
What is a business plan?
A written plan that explains what your business is, how it will work, and how it will make money.
What is interest?
Extra money you pay when you borrow, or extra money you earn when you save.
What is opportunity cost?
What you give up when you choose one thing over another.
What is a marketing strategy?
A marketing strategy is a plan a business uses to attract customers and get them to buy their product.
In Gilmore Girls, what business does Lorelai and Sookie open.
An inn.
What’s the difference between revenue and profit?
Revenue = total money earned.
Profit = money left after expenses.