Small Business Concepts
This is the very first stage of a business where the idea is developed and funding is sought.
What is the Startup stage
This is the name for the percentage of customers a business keeps over a certain period of time.
What is Retention Rate?
This is a company's total revenue after all expenses have been subtracted?
What is Net Income?
This is a car brand that uses a simple blue oval logo with the company name written in script inside.
What is Ford?
This rectangular chocolate bar is famously split into two peanut packed pieces.
What is Snickers?
A car bought for personal use is an example of this broad category of product, as opposed to one bought by a company.
What is a Consumer product?
This is the common name for the action a company takes to fix a problem or mistake after a customer has complained?
What is Recovery?
This is the term for the value of a company that is owned by its shareholders?
What is Shareholder Equity?
This is a luxury Italian brand whose emblem features a prancing black horse on a yellow shield?
What is Ferrari?
This hard, fruit flavored candy is sold in cylindrical rolls and is the candy with the hole.
What are Life Savers?
This type of pay structure is often based on the number of units produced or tasks completed, rather than the hours worked.
What is Piece Rate?
What is the term for a deal that is designed to make a customer buy from the company again after their first purchase?
What is a Coupon?
This is a common way to calculate this metric by taking Gross Profit and subtracting operating expenses, interest, and taxes?
What is Net Profit?
This is the German brand whose logo is a three pointed star representing the company's aim for motorization.
What is Mercedes Benz?
Known for their pastel colors, these small, chalky candies often feature the embossed words Be Mine or Kiss Me.
What are Conversation Hearts?
This management style is characterized by the manager making decisions with little or no input from subordinates.
What is Autocratic management?
What is the type of advertising that uses large signs next to busy roads to catch the attention of drivers and passengers?
What are Billboards?
What is the formula that measures the performance of an investment by dividing the gain from the investment by the cost of the investment?
What is Return on Investment?
This car has a famous hood ornament, called the "Spirit of Ecstasy," which depicts a woman leaning forward with her arms out.
What is Rolls Royce?
Invented in 1908 by Frank Mars, this popular chocolate nougat bar was named after the family's farm in Tennessee, and our galaxy.
What is a Milky Way?
This legal business structure offers its owners the liability of a corporation but is taxed as a partnership.
What is a Limited Liability Company?
What is the name for the total amount of money a business spends to get one new paying customer?
What is Customer Acquisition Cost?
What is the figure calculated on the Statement of Cash Flows by adding the net cash provided by operations, investing, and financing, to the cash balance at the start of the period?
What is Ending Cash Balance?
This is the car brand that makes many different sports SUVs, Sedans, and Coupes, and has a specific car that even has a specific car that races in F1.
What is BMW?
The primary ingredient that gives this chewy, brightly colored square taffy its signature elasticity and stretchiness is dextrose.
What are Starburst?