Terms
A group of people that work together to solve a problem.
What is a business?
A self-owned business.
What is a sole proprietorship?
When the market depends on how many goods are made and how many people want them.
What is supply and demand?
Constantly improving and working towards your goal.
What is sharpening the saw?
The NBA player who has the current scoring title.
Who is LeBron James?
When prices rise over time.
What is inflation?
Selling goods directly to the customer.
What is retail?
A market structure with one business that has complete control of a market’s entire supply of goods and services.
What is a monopoly?
Finding a way to benefit both sides of an exchange.
What is Win-Win?
The current tier 100 battlepass skin in Fortnite.
Who is Kado Thorne?
Market value of all final products produced in a country during a specific period of time
What is GDP?
A business owned by a group of investors.
What is a corporation?
A large number of businesses selling the same product at the same prices.
What is perfect competition?
Doing your job ahead of time and not procrastinating.
What is proactivitty?
The location of Nike Headquarters.
Where is Beaverton, Oregon?
The amount a borrower pays to a lender for a loan.
What is interest?
A business that gets raw resources from the environment.
Who are extractors?
A market structure with a small number of businesses selling the same or similar products.
What is an oligopoly?
Deciding what tasks to do first.
What is Put First Things First?
The NBA team who won the 2001 NBA finals.
Who are the Los Angeles Lakers?
How the shortage of goods effect the market.
What is scarcity?
A business where two or more peopler split the earnings and responsibilities.
What is a partnership?
A large number of businesses sell similar, but not the same, products at different prices.
What is monopolistic competition?
Thinking about what you want to accomplish or achieve in the long run before you start something.
What is beginning with the end in mind?
The amount of points Kobe had in his last game.
What is 60?