Key Terms
The increase in the selling price of a product from the production process.
What is Added Value?
A business arrangement where two or more companies collaborate and pool resources to achieve a specific project.
What is a Joint Venture?
Global sportswear brand, known for its iconic "swoosh" logo, and popular athletic footwear and apparel.
What is Nike?
The co-founder of a world famous company, he is known for his visionary leadership, creative innovations, and iconic products.
Who is Steve Jobs?
A popular carbonated soft drink known for its signature taste and red branding.
What is Coca-Cola?
A leadership style where decision-making is shared among group members, allowing everyone to have a say in the decision-making process.
What is Democratic Leadership?
A business entity with limited liability, owned by shareholders, and restricted from offering shares to the public.
What is a Private Limited Company?
World's largest fast-food restaurant chain, recognized for its signature golden arches.
What is McDonald's?
Influential businesswoman and youngest self-made billionaire, known for her successful cosmetics company, and her significant impact on the beauty industry.
Who is Kylie Jenner?
A revolutionary smartphone, known for its sleek design and advanced features.
What is an iPhone?
Additional perks or advantages provided to employees alongside their regular salary, such as health insurance, company cars, or paid vacations.
What are Fringe Benefits?
A business that aims to address social or environmental issues while generating profits, using a portion of the proceeds for social impact.
What is a Social Enterprise?
Multinational conglomerate from South Korea, renowned for its diverse range of consumer electronics, including smartphones, TVs, and home appliances.
What is Samsung?
Visionary CEO and founder of multiple ventures focused on driving innovation in space exploration, electric vehicles, and neuroscience.
Who is Elon Musk?
Iconic basketball sneakers endorsed by a legendary NBA player, known for their stylish design and high performance.
What is Nike Air Jordan?
An organization formed by workers to protect and promote their collective interests, such as better wages, working conditions, and benefits.
What is a Trade Union?
A business owned and operated by a single individual, who retains full control and is personally liable for the business's debts.
What is a Sole Trader?
Leading German automobile manufacturer, known for producing a wide range of vehicles and the iconic Beetle and Golf models.
What is Volkswagen?
Founder of a global e-commerce giant, and a prominent figure in the Chinese tech industry.
Who is Jack Ma?
Reusable adhesive notepads that stick to surfaces, helping users note down reminders and messages.
What is a Post-it Note?
A business owner's personal responsibility for all debts of the business, potentially risking personal assets in case of business failure.
What is Unlimited Liability?
A company whose shares are publicly traded on a stock exchange, allowing the general public to invest and become shareholders.
What is a Public Limited Company?
Japanese clothing retailer, famous for its affordable and stylish casual wear and innovative technologies.
What is Uniqlo?
Co-founder of the world's largest social media platform, and a prominent figure in the tech industry, known for his role in shaping how people connect and communicate online.
Who is Mark Zuckerberg?
A robotic vacuum cleaner designed to autonomously clean floors and navigate around obstacles.
What is a Roomba?