The Business World
•What are the four factors of production?
•Land, Labor, Capital, Entrepreneurship
•Planning, Organizing, Leading, Controlling are the 4 functions of what
Management
•What are the 4 Ps of marketing?
•Product, Price, Place, Promotion
•Income Statement, Balance Sheet, Cash Flow Statement are the 3 main what?
Financial Statements
•What does CRM stand for?
Customer Relationship Management
•What type of economy combines private enterprise and government involvement?
•Mixed economy
•What is the difference between leadership and management?
•Leadership inspires; management organizes and controls
•What is a market segment?
•A group of customers with similar characteristics or needs
•What is the main goal of financial management?
•To maximize shareholder wealth
•What is e-commerce?
•Buying and selling goods/services online
•What is the term for a business owned by one person?
•Sole proprietorship
•What is the term for a company's moral principles and standards?
•Business ethics
•Creating a unique name, symbol, or design to identify a product is what?
Branding
•What does ROI stand for?
Return on Investment
•What is cybersecurity designed to protect?
•Systems and data from unauthorized access or attacks
•What does GDP stand for?
•Gross Domestic Product
•What type of organizational structure groups employees by similar tasks or functions?
•Functional structure
•What type of marketing uses social media influencers or digital content creators?
•Influencer marketing
•What is the difference between assets and liabilities?
•Assets = what you own; Liabilities = what you owe
What tool has been implemented in business to automate tasks, improve decisions, and predict trends?
AI
•What is a trade restriction that limits the number of imported goods?
•Quota
Physiological, Safety, Social, Esteem, Self-Actualization is needed for employee satisfaction according to what?
Maslow's Hierarchy of Needs
•What is the difference between primary and secondary market research?
•Primary = new/original data; Secondary = existing data
•What is it called when a company first sells stock to the public?
•Initial Public Offering (IPO)
This type of software simulates human intelligence.
AI