Chickens
Fruit
Pterodactyls
Pots & Pans
The Color Green
100
When thinking about building a business, you should start here.
What is the problem?
100
Choosing one thing over another where potential benefits are lost
What is Opportunity Cost?
100
Money coming into the business from sales
What is Revenue?
100
Costs that stay the same no matter how many customers you have
What are Fixed Costs?
100
Total Revenue - COGS =
What is Gross Profit?
200
When costs are greater than revenue
What is a Loss?
200
a strategic planning framework used to evaluate an organization's or project's competitive position by identifying its internal Strengths and Weaknesses, along with external Opportunities and Threats
What is a SWOT Analysis?
200
this force drives innovation, improves quality, and lowers prices, ultimately benefiting consumers.
What is Competition?
200
Defines your company, it’s values, and it’s goals. The future.
What is a Vision Statement?
200
Examples: Materials, Ingredients, Shipping
What are Variable Costs?
300
Deeply ingrained principles that guide all of a company's actions; they serve as its cultural cornerstones.
What are Core Values?
300
A general increase in prices and fall in the purchasing value of money.
What is inflation?
300
Defines the organization’s business, its objectives, and how it will reach these objectives.
What is thew Mission Statement?
300
Most common emoji used by teens (2022)
What is Tears of Joy?
300
A mnemonic device to establish criteria for effective goal-setting and objective development.
What is a SMART Goal?
400
Interviews, Surveys, Questionnaires, Focus Groups, Observation.
What is Primary Research?
400
Highlights the one key thing that makes you different (your unique advantage over a competitor)
What is a Unique Selling Proposition?
400
Helps you to step back and think objectively about all the key elements of your business and informs your decision making as you move forward.
What is a Business Plan?
400
S.M.A.R.T
Specific. Measurable. Achievable. Relevant. Timely.
400
The leftover funds after a business has paid all of the costs they incur through trade.
What is Profit?
500
Burr and Burton Academy’s mission is to educate students ______________ and ____________ for a life of responsibility, integrity, and service.
Intellectually and Morally
500
BBA will be two hundred years old in this year...
What is 2029?
500
1. Define the Problem - 2. Gather Information - 3. Consider Your Options - 4. Make a Decision - 5. Reflect on your Choice
What is the Decision Making Process?
500
- Gathering, analyzinf, and interpreting of information about a market, product, or service to guide business decisions and reduce risk.
What is Market Research?
500
The difference in hours between the average amount of time a teen spends outdoors vs online - (come within 2 hours).
What is 7?