Business Basics
What is a customer?
A person who buys a product or service.
Which company uses the slogan "Just Do It"?
NIKE
If you sell a bracelet for $10 and it cost $5 to make, what is your profit?
$5
What do we call the group of people a business wants to sell to?
Target Audience
Who is responsible for leading a company?
CEO
What is profit?
The money left after expenses are paid.
Which company is known for the iPhone?
APPLE
What is a budget?
A plan for how money will be spent.
What social media platform do many businesses use to post short videos and advertise products?
TikTok
Who handles money and budgeting in a business?
Accountant
What is a business?
An organization that sells products or services.
Which company owns Instagram?
META
What are startup costs?
What are startup costs?
What is a short, memorable phrase used to represent a company called?
Slogan
Who creates advertisements for a company?
Marketing Team / Marketer
What is an entrepreneur?
Someone who starts and runs a business.
Which company has golden arches as its logo?
McDonald's
What is revenue?
The money a business earns from sales.
What do we call the symbol or design that represents a business?
Logo
Who helps customers when they have questions or problems?
Customer Service Representative
What is the difference between a product and a service?
A product is something you can buy and hold; a service is work done for someone.
Which company started as an online bookstore?
Amazon
If you sell 20 items for $5 each, how much revenue do you make?
$100
What is the term for promoting a product to get people interested in buying it?
Advertising
Who comes up with and starts a business idea?
Entrepreneur