Core Elements!
A business is an organization that produces goods or services that meet the needs and _____ of customers.
"wants''
Define "Price" in your own words!
The amount of money customers must pay to acquire the product.
Name one of the four points we discussed under "Advertising Considerations"!
- Target Audience
- Medium Selection
- Brand Consistency
- Message Clarity
What is profit?
Profit is what’s left when a business earns more money than it spends on costs, like your final earnings.
What colour is our beloved duck!!
Blue 💙
Some of the core elements to running a business are planning, operations and finance. In simple words, explain one of these points!
Planning - setting goals, defining strategies & outlining steps.
Operations - day-to-day activities that keep a business running smoothly.
Finance - managing financial aspects of a business.
Define "Promotion" in your own words!
The methods used to communicate and persuade customers to buy the product.
What is message clarity?
Crafting clear messages.
What are expenses?
Expenses are the costs a business has, like paying for rent, salaries, and other necessary things.
What day is our graduation? (Mrs.Theethe told us this)
June 26!
What are the four core elements we discussed to running a business?
Planning, Operations, Marketing & Finance!
What are the four P's to marketing?
Price, Place, Promotion and Product!
What is "Medium Selection"?
Choosing effective platforms.
What is Revenue and, what is budgeting?
Revenue is the total income generated by a business through its primary operations/actions, such as sales of goods or services.
Budgeting is planning how a business will use its money, and figuring out what it will earn and spend.
What day is Ms.Day leaving? :(
January 31, sadly ☹️
What company did we discuss had great Operations?
Toyota!
When playing our interactive map game, we discussed four points under "Place", what were they?
Physical Stores, Online Platforms, Direct-to-customer Delivery, Partnerships!
What are the 2 successful campaigns we discussed?
- Nike's Michael Jordan "Just Do It" Ad
- Dove's "Real Beauty" Campaign
What are the four points we discussed under financial literacy?
Revnue, Profit, Expenses & Budgeting!
Name 5 types of figurative language!
Answers will vary :D
What company did we discuss that had great planning for their events?
Apple!
We discussed three points under "Promotion", what were they?
Advertisements, Discounts, Social Media Posts!
What are the 3 unsuccessful ad campaigns we discussed/watched?
- Kendall Jenner's Pepsi Ad
- Coke's 1985 New Formula
- Twin Lotus Toothpaste Ad
Spell all four points we discussed under financial literacy!
Revenue, Budgeting, Profit & Expenses!
When is the International Day for Elimination of Racial Discrimination?
HINT: The day of the LUSO Contest!
HINT 2: It's in March!
March 21!