Founders
This is the largest company in the world by market capitalization.
Nvidia
When a private company first sells shares of its stock to the public, transitioning from private to public ownership to raise capital for growth, pay debt, or allow early investors to cash out
Initial Public Offering (IPO)
The study of the economy as a whole, including inflation, growth, and unemployment.
Macroeconomics
This company was known for bringing the industrial revolution to America and established the assembly line as a primary form of work.
Ford Motor Company
A type of business model in which a company sells its products directly to individual consumers.
Business to Consumer / B2C
The benefit lost from the next best alternative when making a choice.
Opportunity Cost
This person is known as one of the richest of their century and was known for founding Standard Oil in 1870.
John D. Rockefeller
This is the largest company in the world by revenue.
Walmart
Debts or obligations that a business owes.
Liabilities
The fundamental problem of having limited resources to meet unlimited wants.
Scarcity
This person was the primary co-founder of the social media platform LinkedIn.
Reid Hoffman
When you search this company in the Oxford Dictionary, you see it... as a verb.
The most basic version of a new product that can be launched to test with customers.
Minimum Viable Product (MVP)
The total value of goods and services produced within a country in a year.
Gross Domestic Product (GDP)
She founded and currently presides as the CEO of Canva.
Melanie Perkins
This is the largest company in the Middle East and makes up a majority of the income for Saudi Arabia.
Saudi Aramco
The rate at which a new company spends its capital to finance overhead before generating positive cash flow.
Burn Rate
The point where supply equals demand.
Equilibreum