Business Facts
A form of business organization defined as an association of two or more persons operating as co-owners.
What is Partnership
The average American uses 17.2 gallons a day on this activity
What is a Shower?
A common mode of sustainable transportation that involves using human-powered vehicles.
What is Biking?
The basic economic problem that arises because resources are scarce while human wants are unlimited?
What is Scarcity?
The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
What is Marketing?
A written description of a new business venture that describes all aspects of the business.
What is a Business Plan?
8 million metric tons of this synthetic material end up in our oceans each year.
What is Plastic?
A type of vehicle that uses both an electric motor and a conventional engine for improved fuel efficiency
What is an Electric Vehicle?
The input needed to produce a good or service. Includes land, labor, capital, and entrepreneurship.
What are Factors of Production?
The key factors in marketing a product or service: product, price, place, and promotion.
Phrase as: What are ...
What are the 4 P's?
A person who organizes and manages any enterprise, usually with considerable initiative and risk.
What is an Entrepreneur
This energy source comes from the sun and is often harnessed through solar panels. What is it?
A type of vehicle that uses both an electric motor and a conventional engine for improved fuel efficiency
What is a Hybrid?
The term for the total value of all goods and services produced by a country in a specific time period?
What is Gross Domestic Product?
One of the four Ps in the marketing mix that involves activities to make the product available to the target audience.
What is Place?
The activity of electronically buying or selling products on online services or over the Internet.
What is E-Commerce
What is the term for turning used materials into new products rather than discarding them?
What is recycling?
A form of public transportation that uses tracks to get around and runs on diesel.
What is a Train
The name for the measure of the average level of prices of goods and services in an economy?
(Hint: It starts with an I)
What is Inflation
A group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service
What is Target Market?
A private equity investor that provides capital to companies with high growth potential in exchange for an equity stake.
What is a Venture Capitalist
The practice of planting trees to restore or create forests
What is Reforestation?
A type of public transportation that runs on tracks and is often powered by electricity.
What is a Tram?
The economic system in which the government has the most involvement.
What is a Command Economy?
A tool used to identify Strengths, Weaknesses, Opportunities, and Threats in a business. It helps in strategic planning by assessing internal and external factors.
What is a SWOT Analysis?