Entrepreneurship
What is the term for ownership in a company?
Equity
What are the 4 Ps of Marketing?
Price, Product, Place, Promotion
What does GDP stand for?
Gross Domestic Product
What does IPO stand for?
Initial Public Offering
What is the goal of most businesses?
Profit
What document outlines a company's goals, strategy, and finances?
A Business Plan
What is a target market?
Specific group of customers a company wants to reach.
What is inflation?
A general increase in prices over time.
What is ROI?
Return on Investment
What is vertical integration?
Controlling multiple stages of production/distribution
What is a startup valued at over $1 billion called?
Unicorn
What is brand equity?
Value gained through customer recognition and loyalty.
When demand rises and supply stays the same, what happens to price?
Price increases
Who is known as "Mr. Wonderful" on Shark Tank?
Kevin O'Leary
What company owns LinkedIn?
Microsoft
A company receives $500,000 for 10% ownership. What is its valuation?
$5 Million
Why might a luxury brand intentionally raise prices?
To increase perceived value and exclusivity
What economic concept refers to the value of the next best alternative?
Opportunity Cost
If a stock rises from $40 to $50, what is the percentage increase?
25%
What business models do Uber and Airbnb use?
Platform Marketplace
What type of investor typically funds companies before venture capital firms?
Angel Investor
What pricing strategy uses low prices to gain market share?
Penetration Pricing
What U.S. organization controls monetary policy and interest rates?
Federal Reserve
A Shark offers $250,000 for 25% of a company. What valuation does this imply?
$1 Million
What strategy focuses on becoming the industry's lowest-cost producer?
Cost Leadership