Intro to Business
What is the primary goal of a business?
To Maximize profits
What does ROI stand for
Return on Investment
This is the basic word for a tiny piece of ownership in a company that you can buy on the stock market.
Stock/Share
This brand's famous "Swoosh" logo was designed by a graphic design student in 1971 for the low price of just $35.
Nike
This standard percentage is what banks charge you for borrowing money, or what they pay you for keeping your money in a savings account.
Interest Rate
The study of how people make choices to satisfy their needs and wants is known as:
Economics
This concept refers to the increase in the general price level of goods and services in an economy over time.
Inflation
This is the ultimate goal of buying a stock: you want to buy it when the price is ____, and sell it when the price is ____.
This Swedish multinational retail giant is famous for its flat-pack, ready-to-assemble furniture and its maze-like showroom layout.
IKEA
This is the term for a tax that a government adds to the price of goods and services at the point of purchase.
Sales Tax
In a SWOT analysis, what does the "T" stand for?
Threats
This metric calculates a company’s net income divided by the number of outstanding shares of its common stock.
EPS (Earnings Per Share)
This term refers to the very first time a private company offers its shares to the public on a stock exchange.
IPO (Initial Public Offering)
Before becoming the world's most recognizable video game brand, this Japanese company was founded in 1889 to manufacture handcrafted hanafuda playing cards
Nintendo
This acronym stands for the employer-sponsored retirement savings plan that allows employees to invest a portion of their paycheck before taxes are taken out.
401k
This term describes a market situation where a single company owns all or nearly all of the market for a given type of product or service.
Monopoly
This slang term describes a market where prices are rising or are expected to rise, symbolized by an animal that strikes upward.
Bull Market
This illegal practice involves trading a public company's stock while possessing material, non-public information about that company.
Insider Trading
This French company is universally recognized for its prestigious fine-dining ratings, but it originally launched its famous guide in 1900 as a clever marketing stunt to convince people to drive more cars and wear out their tires.
Michelin
This is the standard credit score range used by lenders to determine your creditworthiness.
300-850
What is the term for the funds used to start and operate a business?
Capital
This term refers to a fixed-income security given by an investor to a borrower.
Bond
This three-letter acronym refers to the financial regulator created by Congress to police the stock markets and protect investors from fraud.
This luxury fashion house began in 1854 as a Parisian trunk-making business and is famous for its interlocking monogram.
Louis Vuitton
This legal status allows an individual or business to wipe out or restructure debts they cannot repay, though it severely impacts their credit score for years.
Bankruptcy