Economics
Tangible items that are sold to customers
What is a good?
Revenue - Expenses =
What is profit
Someone who starts, operates and assumes the risk of a business.
What is an entrepreneur?
A simplified visual graphic that represents the brand.
What is a logo?
The the item or items a business offers for sale.
What is a Product?
A detailed spending plan for your business
What is a Budget?
Actual and potential customers whose needs and wants a business wishes to satisfy
What is the Target Market
The organized effort of individuals to produce and sell products or services for a profit.
What is a business?
The monetary value at which an exchange of goods occurs
What is a Selling price?
A presentation that summarizes the value of a company, usually to convince VC's to invest
What is a pitch?
Channels of marketing
What is...(any of the following accepted)
SEO/SEM, Social media, offline promo, email marketing, outbound calls, digital paid media, ads, product placements
The intangible parts of our economy, as opposed to goods.
What is services?
The costs incurred in order to produce a finished product (good/service)
What are manufacturing costs?
The core values and long-term goals of a business
What is a vision/mission statement?
The 4 P's
What are Product, Price, Place, Promotion?
What is the economic term for a situation in which there is a consistent rise in the general price level of goods and services over time?
What is inflation.
Costs of running a business (does not include the sale of items)
What are operating costs
Differentiating your product/brand from your competitors
What is a competitive advantage?
Full form of SEO
What is Search Engine Optimization?