Business 101
What is the term for the amount left after subtracting expenses from revenue?
What is profit?
This beauty mogul and singer became the youngest self-made billionaire with her Fenty brand.
Rihanna
This is the term for the amount of extra money charged by a lender for borrowing money, usually expressed as a percentage.
What is interest?
Before starting a business, it's important to check what other companies are doing. This is called researching your _______.
What is competition?
What does the abbreviation B2B stand for?
What is Business-to-Business?
"The Quicker Picker Upper"
What is Bounty?
Dr.Dre, producer, and entrepreneur became a billionaire through his Beats by Dre brand, which later sold to what company?
What is Apple?
What type of financial aid does not need to be paid back after graduation?
What is a grant or scholarship?
This is the most important thing you need to provide if you’re offering a service in your side hustle, like tutoring or graphic design.
What is good customer service?
In economics, what term describes the condition when the demand for a product exceeds its supply?
What is scarcity?
"Melts in Your Mouth, Not in Your Hands"
What are M&M's?
She is the founder of the Walker Company and became the first Black woman to earn a million-dollar fortune in the U.S.
Who is Madam C.J. Walker?
This account lets you earn a large amount of interest on your deposits but still allows you to withdraw money anytime.
What is a High Yield Savings Account?
This online tool helps you create a website quickly and easily for your small business.
What is Wix or Squarespace?
This term describes the strategy of dividing a broad market into smaller groups of consumers with shared needs.
What is market segmentation?
"It Keeps Going and Going and Going"
What is Energizer?
This TV personality built a lifestyle empire that includes a TV network, magazine, and podcast, focusing on personal development.
Oprah Winfrey
If you use a credit card, it’s recommended to pay off this percentage of your balance each month to avoid interest.
What is 100%?
If you’re making something to sell, like crafts or baked goods, you need to calculate this to figure out how much to charge.
What is cost of materials (or cost of production)?
What management theory argues that employees are motivated by a clear hierarchy of needs, starting with survival and safety?
What is Maslow’s hierarchy of needs?
"Don’t Leave Home Without It"
What is American Express?
This clothing entrepreneur made FUBU ("For Us By Us") a streetwear brand icon.
Who is Daymond John?
What is the name of the legal process that wipes away certain debts if a person or business can no longer pay them?
What is bankruptcy?
This type of structure is one of the simplest forms of a business, often used by freelancers and side hustlers because it's easy to set up and maintain.
What is a sole proprietorship?