Show:
Entrepreneurship
Legal Matters
Economics
Marketing
Hodge Podge
100
An individual who undertakes the creation, organization, and ownership of a business.
What is an entrepreneur?
100
a document that grants to an inventor the right to exclude others from making, using, or selling an invention or other intellectual property during the term of the document
What is a patent?
100
The amount of goods or services that consumers are willing and able to buy.
What is demand?
100
the name, symbol, or design used to identify a product
What is a brand?
100
Brand Loyalty the tendency of customers to buy a particular brand of a product that they already know
What is brand loyalty?
200
A basic requirement for survival. Example: food, water.
What is a need?
200
the status of an invention between the time a patent application has been filed and when a patent is issued (or rejected)
What is patent pending?
200
The study of how nations allocate scarce resources to the production and distribution of products.
What is economics?
200
the study of the market based on where customers live.
What is geographics?
200
The rivalry among businesses for consumer dollars and a key element in a market economy between similar businesses.
What is competition?
300
An idea that has commercial value. OR: An Idea + A Market =
What is an opportunity
300
trademark a word, symbol, design, or color that a business uses to identify itself or something it sells
What is a trademark?
300
The total market value of all goods and services produced by workers and capital within a nation during a given period.
What is GDP or Gross Domestic Product?
300
statistical data that describes a given market by criteria like personality, opinions, and lifestyle elements
What is psychographics?
300
Specially designated areas of a community that provide tax benefits to new businesses.
What are enterprise zones?
400
The capital, skilled labor, management expertise, legal and financial advice, facility, equipment, and customers needed to start a business.
What are start up resources?
400
partial responsibility of a corporate shareholder; he or she is responsible only up to the amount of his or her individual investment
What is a limited liability corporation?
400
Market structure in which a particular commodity has only one seller who has control over supply and can exert nearly total control over prices.
What is a monopoly?
400
a specific group of customers whom a business wishes to reach
What is a target market?
400
an illegal method of selling that involves advertising a product at a very low price in order to attract customers who are then persuaded to switch to a more expensive product
What is bait and switch?
500
Everything that supports all the products, processes, and services of a new business.
What is new venture organization
500
full responsibility for all debts and actions of a business
What is unlimited liability?
500
The resources a businesses use to produce the goods and services that people want. Land, Labor, Entrepreneurship and Capital
What are the factors of production?
500
the four marketing strategies used to reach the target market: product, place, price and promotion
What is the marketing mix?
500
the government agency charged with protecting the rights of employees; it ensures that employees do not discriminate against employees because of age, race, color, natural origin, religion, gender, or physical challenge
What is the EEOC or Equal Employment Opportunity Commission?