Marketing 1
This marketing element includes a company’s name, logo, colors, and overall identity.
What is a brand?
What is a target market
the primary group of customers that you direct your marketing efforts toward.
How often should you create a budget
Monthly
What is the first foundation?
Save $1,000 for emergency fund
Ms. Jenna's favorite animal.
Turtle
What is Marketing?
Everything a business does to get customers to buy their product or service
The 4 Ps of marketing are Product, Price, Place, and this final “P.”
Promotion
The fifth foundation is build wealth and ____.
Give.
A record that summarizes all of the income and outgo (spending) over a certain time period
Cash-Flow Statement
Names of Ms. Jenna's dogs.
Moon and Diesel
Difference between product and service
Product - Tangible Item You sell
Service - Something you do for someone else
First, instead of focusing on getting money, shift your focus to what you are ______ .
Giving. Provide Value!
Define “Interest” as it relates to Personal Finance.
the additional cost a lender charges for borrowing their money
The cost of the loan each year expressed as a percentage or APR stands for what.
Annual Percentage Rate
Ms. Jenna is from which part of California, Northern or Southern.
Northern. "North Cal!"
What are the 3 elements of branding?
Look, tone, and feel
“Buy One, Get One Free” is an example of this type of marketing tactic.
Promotion.
What is the fourth foundation?
Pay cash for college.
Which type of loan is not secured by a government entity and usually has the best rate and term?
Conventional Loan
How many years has Ms. Jenna taught at IPA?
5 years
People buy from those they ___ , ____ , and ____ .
Like, Know, and Trust.
The Most Important part of an email is the ____ ____ .
Subject Line!
Making periodic payments to a landlord for the use of their property is called ...
Renting or leasing.
What is your mortgage principal?
The amount borrowed (that must be repaid) to purchase a home
Ms. Jenna's favorite local cuisine.
Spam Musubi