Money & Savings
What is money used for?
Buying things.
What is marketing?
Selling and promoting products.
What is a business?
A company that sells products or services.
What do people use to pay for things?
Money.
Why should you make a budget?
To control spending.
What does it mean to save money?
Keeping money for later.
What is a product?
Something you can buy.
How do businesses make money?
By selling things.
What is the price of something?
How much it costs.
What is a need?
Something necessary, like food.
Why is it important to save money?
To buy things in the future.
What is a service?
Something someone does for you.
What happens if a business spends more than it earns?
It loses money.
Why do stores have discounts?
To sell more.
What is a want?
Something nice to have but not necessary.
Where can people save their money safely?
In a bank
What is a brand?
A name or symbol of a company.
Why do businesses need customers?
To make money.
What is a customer?
A person who buys something.
Why is it important to compare prices?
To find the best deal.
What happens if you spend all your money?
You have no money left.
Why do businesses advertise?
To sell more products.
What is a profit?
The money a business keeps after costs.
What happens when something is too expensive?
People might not buy it.
What happens if you borrow too much money?
You have to pay a lot back.