Business fundamentals
What is monopoly?
is a market structure where there is only one seller of a product or service, and there are no close substitutes
What is the most valuable smartphone brand globally?
Apple
billboard
is a large outdoor board or sign used for advertising products, services, or events
what do NPO and NGO stand for?
non profit org, non governmental org
Who is the world’s richest entrepreneur as of now?
Elon Musk
mould
is a hollow container used to give shape to something when it sets or hardens
____ is a type of business organization whose shares are sold to the public on a stock exchange. Fill the blank
Public limited company
Name a famous entrepreneur under 30
Mark Zuckerberg
legroom
is the amount of space available for your legs, especially when sitting in a car, airplane, or other seats
_____ the point at which a business’s total revenue equals its total costs. Fill the blank
breakeven point
Which car company uses the assembly line method first?
Ford
put all your eggs in one basket
means to rely on only one plan, option, or investment, which is risky because if it fails, you lose everything
What are the sectors of the economy?
primary, secondary, tertiary sectors
Who founded Amazon, and what was the first product sold?
Jeff Bezos, books
Devil's advocate
is a person who takes an opposing view or argument, even if they do not agree with it, in order to challenge ideas and encourage discussion