Marketing
What is the process of promoting and selling products called?
Marketing
Who buys products from a business?
Customers
What do people use to buy things?
Money
What is an enterpreneur?
A person who starts and runs a business.
What is a profit?
Money left after expenses are paid.
What is a target market?
A specific group of customers a business wants to reach
What should workers say when a customer walks in?
Hello or welcome
What is it called when a business earns money?
Why do entrepreneurs create business plans?
What is revenue?
Money a business earns from sales.
What is one way businesses advertise to customers today?
What makes customers want to come back?
Good service
What happens if prices are too high?
Fewer people are likely to buy
What is a business risk?
A chance a business could lose money or fail.
What does supply and demand affect?
Prices and product availability.
Why is branding important?
It helps customers recognize and remember a business
What should workers do if a customer needs help?
Help them
What is the money a customer gets back after paying too much called?
Change
It helps businesses stand out from competitors.
What is networking?
Building connections with others and businesses.
What are the 4 Ps of marketing
Product, Price, Place, and Promotion
Why are happy customers important
They come back and tell others
What machine is used to ring up customers
A cash register
Leadership, confidence, responsibility, problem-solving.
What is it called when a business tries to beat other businesses?
Competition.