Business Quiz 11-21-23 - Black Friday

The day after Thanksgiving is known as Black Friday. What did the term "Black Friday" originally refer to?

• Stock market crash of 1929

• The Hindenburg hot air balloon disaster

• Beginning of World War II

• Financial crisis of 1869

Philadelphia was the first city to use the term "Black Friday" to refer to the day after Thanksgiving, because of the traffic and smog caused by shoppers. What did retailers suggest it be called instead?

• Fantastic Friday

• Sales Day

• Super Shop-A-Thon

• Big Friday

Wal-Mart normally offers the PlayStation 5 Disc Console Marvel Spider-Man 2 Bundle for $559.99. What is the Black Friday price?

• $99

• $300

• $499

• $399

A price cut from $560 to $500 is what percent discount?

• 11%

• 5%

• 20%

• 33%

Black Friday did not become widely used as a term outside Philadelphia until what decade?

• 1980s

• 1990s

• 2000s

• 2010s

Best Buy typically sells the Xbox Wireless Controller for Xbox Series X for $69.99. What is the Black Friday price?

• $19.99

• $39.99

• $49.99

• $69.99

A price cut from $70 to $40 is what percent discount?

• 60%
• 50%
• 25%
• 43%

Some say Black Friday refers to the day when businesses go "into the black." What does it mean, in business terms, to be "in the black"?

• Positive net income or profit
• Negative net income or loss
• Breaking even
• Having a surplus of inventory

In business terms, what is the opposite of "in the black," or losing money/having a negative net income?

• In the red

• In the negative

• In the yellow

• In the green

Levi’s Premium Wedgie Straight Fit Women’s Jeans typically sell for $98. What is their Black Friday price?

• $58.80

• $65

• $29.99

• $79.99