If you are an ice cream maker, what would be your business model (how would you make money)?
Selling ice cream with flavors
-To families kids and anyone who likes ice cream
-Will make money through selling ice cream directly in shops OR supplying ice cream to stores or restaurants
What is the difference between B2B and B2C marketing
B2B is Business-to-Business, B2C is Business-to-Consumer marketing
What is a company’s “brand identity”?
Its logo, name, colors, and how customers perceive it)
What’s a popular TV show where entrepreneurs pitch their ideas to investors?
Shark Tank
This shark is the President and CEO of El Sewedy Electric Co., transforming it into a global powerhouse with over 30 production facilities across 16 countries.
Ahmed El Sewedy
what’s the difference between profit and revenue?
The money left after all expenses are paid
What does the “4P’s” in marketing stand for?
Product, Price, Place, Promotion
What is the term for a company’s written plan for its objectives?
Business Plan
What is a person who starts their own business called?
Entrepreneur
What is your competitive advantage?" what does Sharks mean?
Sharks want to know what sets the product or service apart from competitors and why consumers would choose it over others.
Which function within the organization is concerned of hiring and training employees
Human Resource Management
What company is known for the slogan, “Just Do It”?
Nike
What does CEO stand for?
Chief Executive Officer
What famous entrepreneur founded Amazon?
Jeff Bezos
What is an exit strategy?
A way founders / business owner going to cash out their investment.
What is the biggest challenge in the modern business world, especially after the COVID-19 pandemic?
Managing hybrid/remote teams, digital transformation, and ensuring employee engagement in a virtual environment.
What is it called when a brand pays a celebrity or influencer to promote their product on social media?
Influencer Marketing
What does R&D stand for?
Research and Development
Name me 2 companies of Elon Musk’s
Space X
Zip2
Tesla
Grok 3
Founded by a 12-year-old trio, this brand captivated the sharks with their entrepreneurial spirit and secured a significant investment. What is the name of their brand?
Hawy
What is "inventory" in a business?
The products and goods a business has in stock
If a brand creates an emotional connection with customers to keep them loyal, what is this called?
Brand Loyalty
If you are an Ice cream maker, who would be your suppliers?
Dairy milk supplier, sugar supplier, flavoring supplier, packaging supplier, ice cream machine, distribution suppliers for refrigerated transport
What’s the most important trait of a successful entrepreneur?
Innovation
Creativity
Risk taker
Brave
Time Management
Leadership
Vision
Sharks ask "Who is your target market?" why?
Knowing the specific demographic or market segment the product or service is aimed at helps the sharks assess the potential size and reach of the business.