Business Basics
An organization that sells goods or services for profit
What is a business?
Product, Price, Place, Promotion
What are the 4 Ps of marketing?
Money a business earns
What is revenue?
Apple Inc.
Which company created the iPhone?
Future Business Leaders of America
What does FBLA stand for?
Land, labor, capital, entrepreneurship
What are the 4 factors of production?
A specific group of consumers a business aims to reach
What is target market?
A plan for spending and saving money
What is a budget?
Nike
Which company is known for its swoosh logo?
Blue and gold
What is the official FBLA colors?
Revenue minus expenses
What is the equation for profit?
Creating a unique identity for a product/company
What is branding?
The cost of borrowing money
What is interest?
Meta Platforms
Which company owns Instagram?
State Leadership Conference
What is SLC?
Sole proprietorship
What type of business is owned by one person?
A catchy phrase used in advertising
What is a slogan?
Ownership in a company
What is a stock?
Amazon
Which company is the largest online retailer?
National Leadership Conference
What is NLC?
To maximize profit
What is the primary goal of most businesses?
Digital marketing
What type of marketing uses social media platforms?
Spreading investments to reduce risk
What is diversification?
McDonald’s
Which company is known for its golden arches?
Business Presentation
What is the competitive event called where students present a business idea?