Terminology
This term refers to the money a business earns from its normal business activities, usually from the sale of goods and services.
Revenue
This CEO of Amazon transformed the way people shop online and introduced the concept of one-click purchasing.
Jeff Bezos
This investment approach emphasizes buying and holding a diversified portfolio of securities for the long term, aiming to maximize returns over time.
Buy and Hold strategy
This economic principle posits that as more of a good is consumed, the additional satisfaction (utility) derived from each additional unit decreases.
Law of Diminishing Marginal Utility
This fast-food chain was founded in 1940 and is recognized for its iconic golden arches logo and global presence.
McDonald's
This term describes a situation where a single seller controls the entire supply of a product or service, leading to a lack of competition.
Monopoly
This entrepreneur created a social networking platform that connects billions of people worldwide, reshaping how we communicate and share information.
Mark Zuckerberg
to be a buyer when everyone else is ___
selling
This economic principle asserts that when the general price level of goods and services rises, people's purchasing power reduced.
Principle of Inflation
This social networking service was launched in 2006 and quickly gained popularity for its short-form content and viral trends.
Tiktok
The goal of a company to achieve the highest possible profit.
Profit Maximization
This entrepreneur co-founded a multinational technology company that revolutionized internet search and online advertising.
Larry Page / Sergey Brin
This investment strategy involves spreading investments across different asset classes to reduce risk through diversification.
Asset Allocation
This economic principle refers to the limited availability of resources relative to unlimited human wants and needs.
Scarcity
This online retailer began as a bookstore in 1994 and rapidly diversified its offerings, eventually becoming a leader in e-commerce.
Amazon
The strategy of expanding a company's operations into new markets or products.
Diversification
This entrepreneur is known as the "Oracle of Omaha" for his investment prowess and leadership in the financial world.
Warren Buffett
What is the Warren Buffett 70/30 rule?
where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.
This economic principle explains that as production of a good increases, the cost of producing an additional unit also increases.
Principle of Increasing Opportunity Cost
This video streaming platform started as a DVD rental service in 1997 and shifted to online streaming, revolutionizing the entertainment industry.
Netflix
This economic principle states that as the price of a good or service increases, the quantity demanded decreases, and vice versa.
Law of Demand
This entrepreneur created a software company that became a dominant player in the personal computer operating system market, and he also founded one of the world's largest private charitable foundations dedicated to global health and education initiatives.
Bill Gates
Exemplified by Berkshire Hathaway before the financial crisis, this strategy enables companies to mitigate risks, maintain flexibility, capitalize on opportunities, navigate challenges, and drive long-term sustainability and growth.
cash retention/holding cash rather than spending/investing it.
This economic principle asserts that individuals, firms, and governments should compare the marginal benefits and marginal costs of each decision.
Principle of Marginal Analysis
A multinational professional services brand of firms, the second-largest professional services network in the world and is considered one of the Big Four accounting firms.
PwC