Entrepreneurship 101
income - expenses
What is the formula for calculating profit?
What are the four functions of Management
Phil Knight
Who was the founder of Nike?
The U.S. federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development,and food.
USDA
A person who buys goods and services
What is a customer or consumer?
CFO
What is Chief Financial Officer
Commissioner of the NFL
Commissioner of the Roger Goodell
Shows how the business is structured and who is in charge of whom
Organizational Chart
The meeting point between supply and demand
Equilibrium
Right to make decisions about how responsibilities should be accomplished
Authority
Data that describe a group of people in terms of their age, marital status, family size, ethnicity, gender, profession, education, and income
Demographic Data
An American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in 1962 and 1983 respectively.
Who is Sam Walton ?
the amount of product consumers are willing to buy at a specific price
What is demand?
A participative style which allows team
members to be included in the decision-
making process.
Democratic Leadership
Viewing of customers in a specific place utilizing a product or service.
Observation
American billionaire entrepreneur, television personality, and media proprietor whose net worth is an estimated US$4.8 billion. He owns an NBA team and has stakes in Magnolia Pictures, AXS TV and dozens of small startups.
Who is Mark Cuban?