Prototyping
What was our guest speakers name that worked with Mid-Hudson Works?
*BONUS*
Ron Ferris
Bonus Question: What product does Ron make?
What was our guest speakers name for finance?
Jannera Cruz
What was our guest speakers name for Marketing?
Andrew Mendez Spera
What colors did we include on the survey?
Purple
Yellow
Blue
Pink
What were the marketing strategies from the Skinny Pop video?
Graphics
Color scheme
Differentiated that product vs. another
What is prototyping?
A first, typical or preliminary model of something, especially a machine, from which other forms are developed or copied.
What bank did our guest speaker work for?
Heritage Financial Credit Union
What business was our guest speaker from?
Tipsy Social
What was the best time to sell the product?
Lunch and After school
True or False:
Green bean casserole was invented by a Campbell Soup employee
True
Why is prototyping important for the business?
We can discover the design problems. During the prototyping phase we can estimate production costs, manufacturing time and material requirements. We can find out the machinery required for production. Testing to determine fit and durability.
Key to having a good product
What is a Profit Goal?
What are the 4 P's?
Product
Price
Promotion
Place/Distribution
What is revenue
refers to the money that a company brings in by selling its products or services
How can you spread the word about your business?
TikTok
Influencer
Events
Samples
Where can you cash your check for free?
*You must say the location of this place and the name*
Heritage Financial Credit Union Development Center
Family Partnership
What is a Marketing budget?
A detailed budget that allocates specific funds to each marketing strategy.
what is a Nonprofit organization?
Exists to service the community not to earn profit for the owners of the organization
True or False:
Turkey wasn't on the menu at the first Thanksgiving
True
What are the steps in the prototyping process? (Design Process)
What problem are we solving? (Initial Idea)
Test to confirm the product is valuable.
Introduce Idea to public (Reaction/Response)
Can we effectively repeat this process with the same quality every time? Revisions/Refinement
Confirmation-product is complete
What does FDIC stand for?
BONUS*
Federal Deposit Insurance Corporation
Bonus: What is the maximum amount of money you can have that is insured?
What is a contingency plan?
Alternative plans for unexpected situations, such as changes in the market or budget cuts
What are main components to making sure your business is successful?
Consistency
Hard Work
True or False:
Female Turkey do not gobble
True