Business fundamentals
What is the purpose of Maslow's hierarchy of needs?
The purpose of Maslow's hierarchy explains that people are motivated to satisfy basic needs like food and safety first before focusing on higher level needs such as belonging, self esteem, and self actualization.
A financial statement show a company's revenues, expenses, and profit loss of a specific period.
What is a logo?
A logo symbol represents a company and is usually displayed at the top of a website.
What is excel?
Excel is a Microsoft app that is used to organize data, perform calculations, and create spreadsheets.
What happens to demand when the price of a product decreases?
When the price of of a product decreases demand will usually increase because of more consumers are willing and able to buy the product.
One of the main functions of marketing is identifying and satisfying these for example a new iPhone, video games, new shoes is a want but needs are shelter, food, and water for survival.
What is a comparative analysis?
This is used by accountants they use it to compare financial data from different years to identify trends and changes.
What is the about us page?
The about us page is made in a website to provide their information about them and their company, goals, and some even their past history.
What are charts and graphs?
What is market equilibrium?
Market equilibrium occurs when the quantity supplied equals the quantity demanded creating a stable market price where there is neither a shortage nor a surplus.
What is a franchise?
This business arrangement allows an entrepreneur to operate under an established brand name and business model.
A balance sheet lists all of the liabilities, assets, and the owners equity's for specific dates.
What is a contact form?
A contact form page is used so that clients or customers will be able to contact the company if they have any questions about where they are located or what they charge.
What is a bar graph?
This type of graph is commonly used to compare the amounts between different categories.
What is the difference between a commercial and an infomercial?
A commercial is a 15-60 second short video advertising a promotion of a product or service and an infomercials a longer video that provide detailed information, demonstrations, and benefits of a product to persuade customers to buy it.
What is profit?
A profit is the amount of money a business earns after subtracting all of their expenses from a revenue.
What are financial ratios?
Investors often calculate these measurements to evaluate a company's performance and financial health.
What is multimedia?
Multimedia is a type of content used for photos, videos and graphics they help a website company look more interesting and engaging for customers.
What is access?
This Microsoft program is designed to create and manage databases.
What are some types of media marketing?
Some types of media marketing include television, radio, newspaper and magazines, social media, and websites.
What is supply and demand?
This describes the relationship between how much of a product consumer wants and how much producers are willing to sell.
What is financial statements production?
this involves preparing all the major financial statements from accounting records and transaction data.
What is wireframing?
This is a process that involves planning their layout and structure of a website before it is finished and built.
What is a function?
In excel this feature automatically can perform calculating using formulas and functions.
What is marketing?
Marketing is a activity that involves promoting and selling products or services to customers.