Marketing
Advertising
Budgeting
Profit
Entrepreneurship
100

What are the four P's of marketing?

Product,Price,Place,Promotion

100

What is Advertising?

A way to promote a product.

100

What is Budgeting?

A Plan for how you spend and save your money.

100

What is profit?

Money a business has left over after subtracting its expenses from its revenue

100

What is entrepreneurship?

Starting and running your own business.

200

What is Market Research?

Research is the process of gathering and analyzing information about customers and competitors.

200

What is a slogan?

A short phrase that is used to represent a brand or product

200

What is a fixed expense?

This type of expense stays the same each month like rent or your phone bill.

200

What is gross profit?

This type of profit is calculated before subtracting expenses like rent salaries or marketing cost.

200

What is an entrepreneur?

A person who creates and manages a new business taking risks to make a profit.

300

What is Marketing?

Getting people to want your product or service.

300

What are some types of way to advertise a product?

Social media,Television,Billboards.

300

What is emergency fund? 

money you set aside for unexpected cost like car repairs or medical bills.

300

What is Cash Flow?

Even if a company makes profit it could run into trouble if it isn't managed.

300

Why is entrepreneurship important?

It creates jobs, boosts the economy and brings new ideas and products to the market.

400

What is a marketing strategy?

 A marketing strategy is a plan that outlines how to achieve marketing goals.

400

Whats the difference between advertising and sales?

Advertising makes the public aware of a product and sales involves making the product available for purchase.

400

What is the 50-30-20 method?

Spend 50 on needs 30 on wants and save 20

400

 If a company earns $5,000 in revenue and spends $3,500 on expenses what is the total profit?

$1,500

400

What are 3 qualities of successful entrepreneurs?

Creativity,Problem solving skills,Adaptability,Work ethic,confidence,vision,passion,Discipline,Leadership, Decision making.

500

What is market research?

Market research is the process of gathering information about customers and the market.

500

Why is advertising important?

It helps increase brand awareness.

500

What are 3P's in budgeting?

Paycheck Prioritize and plan.

500

What is the difference between profit and revenue?

Revenue is the total amount of money a business brings in from sales. Profit is the remaining revenue after subtracting all expenses. 




500

What does SWOT stand for?

Strength,Weakness,Opportunity,Threats.