Company
Who is the person in charge of a company?
CEO [ Chief Executive Officer ]
What is the term for the place where you can buy and sell stocks ?
Stock Market
Name 2 rights of a consumer ?
To: be heard, redressed, consumer knowledge, safety, health
Why do companies use advertisements?
To promote their business
Why do businesses have sales or discounts?
It can drive short term profit and you can get rid of old things in the business
What does HR stand for?
Human Resources
Give an example of how a person could use social media to advertise their business ?
Through Instagram by posting pictures
Differentiate between wants and needs?
Want is something that is monetary, but it is not necessary to live while need is something that is essential to live like food and water
What does R&D stand for?
Research and Development
What do we call a person who starts their own business ?
Entrepreneur
Two ways excluding money that an item could be paid for ?
Credit card, debit card, cheque etc
What legal document should be obtained before starting a business?
Business License
Is customer feedback important for a business? Why?
Yes, because it helps the company to grow
People and businesses pay taxes to who ?
The government
What is the first step to starting a new business ?
Brainstorming/Conceptualizing or Market Research