Business Basics
What is the term for a person who starts and runs their own business?
Entrepreneur
Who founded Tesla and SpaceX?
Elon Musk
What is the currency used in the United States?
U.S. Dollar
What is the name of the activity of promoting and selling products or services?
Marketing or advertising
What do you call money that people earn from working?
Income or paycheck
What is the term for a company’s unique name or symbol that identifies its products?
Brand or logo
Who founded Amazon?
Jeff Bezos
What is the term for the money you borrow from a bank to buy something like a house?
A loan
In the U.S., what event is the most expensive to buy a TV advertisement for?
The Super Bowl
What do you call the money people pay to the government to help pay for things like schools and roads?
Taxes
What is the name of a written plan that describes a company’s goals and how it will achieve them?
Business plan
Who founded Microsoft?
Bill Gates
What is the term for putting your money into something like stocks or a business in hopes of making more money?
Investing
What is the strategy of offering discounts to attract customers?
A sale or a sales discount
What is it called when people trade one thing for another without using money? Hint: starts with a B
Bartering
What do you call the money a company earns after all expenses are paid?
Profit
Name one of the two founders of Google
Larry Page or Sergei Brin
What is the currency used in Germany?
Euro
What is the term for a short phrase or song used to promote a product?
A jingle
What is the economic term for people who make or grow things to sell? Hint: starts with a P
Producers
What is the business term for the collection of things a company is selling. Hint: it start with an "I"
Inventory
Which entrepreneur is known for starting the company Apple with Steve Jobs?
Steve Wozniak
What is the term for the asset that you agree to give up if you don't pay back a loan?
Collateral
What is the practice of collecting information about customer preferences and behaviors?
Market research
What is the economic term for people who buy things that are for sale?
Consumers