Shopping
Things that can't be touched, seen, or purchased by customers in stores.
What is a service?
A picture that can represent a business.
The amount of money that a customer pays for a product or service.
What is the price?
The amount of money you make BEFORE subtracting any costs.
Think # of sales x customer price = ___
Revenue
The date of the pitch competition.
Wednesday, July 30th
A brand that has luxury goods, quality, and usually a higher price.
(p_____)
Premium
Notes from customers that can boost your business, tank your business, or give tips for improvement
What are reviews?
A short-term benefit for customers to get customers to your product.
What is a Sales Promotion or discount, etc.
Pricing based on your Cost of Goods and the amount of Profit you want to make per sale
What is Cost-Plus Pricing?
The type of roach that Ms. Key had as a pet.
Madagascar or Hissing Cockroach
A type of good with a short-term usage. (Consumed/used up quicker than other things.)
What is a Non-Durable Good?
Making sure that your product can stand out in retail or online in order to make a sale
Visibility
A presentation/speech that will convince judges and customers to buy a product.
What is a pitch?
The amount of money you make AFTER subtracting your costs.
Profit
Address of Bitwise
700 Van Ness Ave
A type of platform that sells lots of different products to lots of customers from lots of different producers.
What is retail?
Benefits
The name of a third-party company that buys product from a producer and sends it to stores that want it.
What is a Distributer?
Pricing your good base on another company's price
Competitor-based pricing
What stunk up the bowling alley in the first week?
Parmesan cheese
The meaning of COGS
What is "Cost of Goods and Services" or "Cost of Goods Sold"
A document that can be a shorter version of a pitch and physically given to potential customers.
What is a flyer?
The amount of money that "fills in the gap" between the Menu Price and Cost of Goods
What is a margin?
One measurement of something
(portion, serving, cup, ounce, etc)
What is a unit?
The department/college that you had a field trip and tour with on Friday, 7/10