Marketing
What is the activity of telling people about a product to encourage them to buy it?
What is advertising?
What do you call the person who leads a team or a company?
What is a manager?
Which sector includes businesses that focus on travel, lodging, food service, and recreation?
What is the hospitality industry?
What do you call money that a business owes to others?
What is debt?
What do you call a person who starts their own business?
What is an entrepreneur?
If a company wants to know what customers like, what should they do?
What is survey or research?
What is the type of meeting where a company discusses goals and plans?
What is a business meeting?
What is the assistance and advice provided by a business to those who buy or use its products or services?
What is customer service?
What is the document that shows how much money a business made and spent over time?
What is an income statement?
What do you call money that you borrow to start or grow a business?
What is a loan?
What is the target group of people a company tries to sell to called?
What is a target market?
What is the process of planning, organizing, leading, and controlling a business's resources to achieve its goals?
What is management?
What is it called when a hotel or restaurant tries to keep people coming back?
What is customer loyalty?
What is it called when you keep track of all the money a business earns and spends?
What is bookkeeping?
When a new business offers part of its company to investors in return for money, what is it called?
What is investment?
Which P involves decisions about how a product will reach its target audience?
What is place?
What do you call a diagram that shows who reports to whom in a company?
What is an organizational chart?
If a family plans their vacation using a website, what is this website helping them with?
What is travel planning?
What is the term for the profit earned from the sale of an asset?
What is capital gain?
Which type of ownership offers protection from personal liability but is taxed as a partnership?
What is an LLC (Limited Liability Company)?
What pricing strategy involves setting prices high at first to maximize profits before lowering them over time?
What is price skimming?
Which type of leadership style involves making decisions without input from others?
What is autocratic leadership?
What is the term for a partnership between a hotel and a tour operator to offer a combined vacation package?
What is a strategic alliance?
What term describes the strategy of spreading investments across various financial assets to reduce risk?
What is diversification?
Name the phase in the business cycle where an entrepreneur looks for opportunities to fill unmet needs in the market.
What is the opportunity identification phase?