MARKETING
What is the marketing concept?
The marketing concept is an approach to business that focuses on satisfying customers to achieve profit goals.
What is accounting?
The system of recording business transactions and analyzing, verifying, and reporting the results.
What is an Entrepreneur?
A person who starts or purchases a new business.
What is a journal entry?
keeping or making records of any transactions, either economic or non-economic
What is the name of the most well-known Minecraft character?
Steve
What are the three elements of the marketing concept?
customer satisfaction, total company approach, and profit.
What does GAAP stand for?
Generally Accepted Accounting Principles
What does the SBA stand for
Small Business Administration
What is a personal account?
Personal accounts involve individuals, businesses, or entities and track transactions related to them.
This person was a rookie cop from a popular horror series who survived a zombie apocalypse in racoon city
Leon Scott Kennedy
What is the relationship the customer has with a good, service, or company called?
Customer experience!
What is the accounting equation?
A=L+E
Assets = liabilities + equity
List 3 reasons why businesses fail
Lack of money.
Lack of business experience.
Poor management skills.
Inefficient inventory control.
Poor credit management.
Poor location.
Improper budgeting.
Lack of advertising.
Natural disasters.
What is the difference between real, nominal, and personal accounts
Real accounts involve tangible assets
Nominal accounts pertain to revenues and expenses
Personal accounts track individuals and entities.
Who is a fan favorite character known for wearing a mask to hide their identity in the Call of Duty: Modern Warfare trilogy?
Ghost A.K.A Simon Riley
What are the 4 Ps of marketing?
Product
price
place
promotion
How do you get a current ratio?
Current assets ÷ current liabilities = current ratio
List the 5 Ps of Entrepreneurship
purpose, passion, profit, people, persistence
What is product depth?
Product depth is the number of product items within a product line.
Who is the main humorous protagonist who hunts devils in the hit game series Devil May Cry?
Dante
List the 7 functions of marketing
Channel management
product/service management
pricing
selling
Marketing information management
promotion
market planning
what is a Financial Statement Analysis?
The process of reviewing information provided in financial statements to analyze the performance of the business.
What is the ratio of male to female entrepreneurs?
?% male - ?% female
63% male - 37% female
ANYTHING 60% - 67% FOR MALE IS CORRECT
ANYTHING 33% -39% FOR FEMALE IS CORRECT
What are Psychological pricing strategies
DEFINITION NOT EXAMPLE
Psychological pricing strategies are pricing techniques that create an image of a product and entice customers to buy.
What is the placeholder name for a character who embodies a game but does not have a name?
John (Game name)