Shark Tank Vocabulary

The price sold to retailers.

• Retail Price

• Wholesale Price

• Price

• Royalty

Government license that protects original ideas.

• License

• Royalty

• Purchase Order

• Patent

Person who organizes and operates a business.

• Entrepreneur

• Valuation

• Asset

• Capital

A type of communication that attempts to promote or sell a product, service or idea.

• advertising

• buyer persona

• brand

• customer loyalty

Landon is trying to tell people about his product. He decides that he is going to make a commercial and pay for it to be on tv. Which of the following vocabulary words does this deal with the best?

• advertising

• buyer persona

• brand

• customer loyalty

Damon loves Pizza Hut. He likes it better than other places because the employees always treat him like a king! When he comes in the door they put a mark on a card that will let him get a free pizza after he has bought five pizzas. Which of the following words is the best choice for this situation?

• advertising

• buyer persona

• brand

• customer loyalty

A person (or organization) that puts money into products, inventions, or many other things - with the expectation of achieving a profit.

• entrepreneurs

• Innovative

• Investor

• margin

Entrepreneurs need THIS. It is the act of providing resources to finance a need, program, or project.

• investors

• Investment

• funding

• margin

a presentation of a business idea to potential investors. The goal is to raise startup cash. The target of the _________ is an investor.

• Investment

• margin

• pitch presentation

• investor

What is profit?

• the amount of an item you have

• how many people want your good/service

• the money you have left over after you paid your bills