Show:
Producers and Consumers
Consumer Choice
The Biz of the Business
Models of Business
Potpourri
100
These players provide goods and services.
Who are producers?
100
When trying to make a rational choice, you will often do a cost-________ analysis.
What is benefit?
100
Revenue-Cost=_________
What is profit?
100
Both a general partnership and sole proprietorship have this in common.
What is unlimited liability?
100
This type of media is supposed to provide information to people.
What is news?
200
These players use goods and services.
Who are consumers?
200
This measures a persons satisfaction with the outcome of an economic choice.
What is utility?
200
What two types of competition are at opposite ends of the competition spectrum?
What is monopoly and pure competition?
200
A corporation is owned by these people who have stock in the company.
Who are the stockholders?
200
One type of consumer influence.
What is media, price, taste, culture, beliefs, values, risk aversion, and peer pressure?
300
These people are both consumers and producers that make all of the goods and services.
Who are the workers?
300
People use this to plan income and expenses and help with financial goals.
What is a budget?
300
Selling ads and subscriptions is the main way this business makes money.
What is the media?
300
A newspaper most likely uses this business model.
What is subscription?
300
The word google is in the dictionary. The company, Google, used this method to get it there.
What is branding?
400
Producers try to figure out consumer behavior by using this method.
What is market research?
400
The money that one uses to buy whatever they want is called this.
What is discretionary spending?
400
Producers desire to minimize costs and maximize profits is this.
What is the profit motive?
400
Dell used this business model.
What is cutting out the middleman?
400
Many familiar industries are this type of competition.
What is an oligopoly?
500
These are two types of market research.
What are surveys and focus groups?
500
People who avoid the stock market and gambling have an aversion for this.
What is risk?
500
Centralization of ownership has led to an industry controlled by a few large companies.
What is an oligopoly?
500
Clothing sellers are likely to use this business model.
What is bricks and clicks?
500
These two things determine the ad rates.
What are circulation and rating systems?