FBLA Knowledge
The meaning of the abbreviation, FBLA
What is Future Business Leaders of America?
This financial metric is measured by revenue minus expenses
What is profit?
What is equity?
The responsiveness to the supply of goods and services from the change of their market price
a. Supply responsiveness
b. Price elasticity of supply
c. Price fluctuation
What is price elasticity of supply?
The 4 P's of Marketing
What do you call product, pricing, place, and promotion?
The meaning of the abbreviation, CNLC
What is Canadian National Leadership Conference?
Which financial statement provides a summary of a company's balances
What is a balance sheet?
Fractional share of a company which is available for the general public to purchase.
What is a stock?
An indirect cost or benefit to an uninvolved third party that arises as an effect of another party's activity
What is an externality?
The process of defining a product or service such that it appears unique on the market and superior to alternative solutions
What is product positioning?
The three categories of competition at CNLC and NLC
What is objective test, casestudy, and presentation?
What are accounts payable?
When a business licenses its product and branding to others in exchange for a fee
What is a franchise?
Increase in price and decrease in purchasing value of money
What is inflation?
The process of dividing a large market into categories or segments of consumers with similar wants and needs
What is market segmentation?
The number of competitive events at CNLC
What is 16?
This financial metric is measured by dividing net income by shareholders' equity
What is return on equity?
An arrangement between two or more people to manage a business and share profit and loss
What is a partnership?
The interest rate before taking inflation into account
What is a nominal interest rate?
The practice of charging different customers or markets different prices for the same or similar products
What is price discrimination?
The year FBLA was created
What is 1937?
To offset position in an asset or investment that reduces the price risk of an existing position
What is a hedge?
Forming an alliance for collective influence
What is a coalition?
The total volume of money held by the public at a particular point of time
What is money supply?
Setting an initial high price and lowering the price as time progresses to reach a wider market segment
What is price skimming?