Basics
An organization that produces goods or services to earn a profit.
What is a business?
This financial statement shows revenues and expenses over a period of time.
What is the income statement?
A symbol or design that identifies a company (like Nike’s swoosh).
What is a trademark or logo?
This company makes the iPhone and MacBook.
What is Apple?
This company created the Android operating system and the Google search engine.
What is Google?
A place where goods are bought and sold.
What is a market?
This financial statement reports a company’s assets, liabilities, and equity at a specific point in time.
What is the balance sheet?
When companies lower prices to attract more buyers.
What is a discount?
This fast-food chain is famous for the Golden Arches.
What is McDonalds?
This company created the Xbox gaming system.
What is Microsoft?
the primary goal of most for-profit businesses
What is earning profit?
The group of consumers most likely to buy a company’s product.
What is the target market?
Money borrowed that must be paid back with interest.
This video platform is known for short viral clips and trends.
What is TikTok?
This company produces the PlayStation gaming consoles.
What is Sony?
A person who starts and runs their own business.
Who is an entrepreneur?
The money a business earns from selling goods or services.
What is revenue?
A plan for how you will spend and save your money.
What is a budget?
This Google-owned platform is where many creators earn money from videos.
What is YouTube?
This company is the world’s largest online retailer.
What is Amazon?
the value of the next best alternative that you give up when making a decision.
What is opportunity cost?
A written summary of your education, skills, and work experience used when applying for jobs.
What is a resume or CV?
A technology that helps computers learn patterns and make decisions.
What is AI?
This term refers to a person or content that becomes popular very quickly online.
What is going viral?
This platform was originally created for college students and later became the world’s largest social media network.
What is Facebook?