Business Vocabulary quiz

What is a business model?

• A legal right given to an invention

• A plan for creating, manufacturing, and delivering a product for sale

• The price that buyers are willing to pay for a product

• A drawing or sketch made with a specific purpose

Who is a consumer?

• A person who starts a business and is willing to risk loss

• The value of a product after all debts/bills have been paid

• Someone who purchases your product

• Fees paid to a product owner for use of their design

What are demographics?

• Characteristics of a population that businesses use to identify customer preferences

• Money used to start up a business

• Increased value as a result of hard work from the owner, without pay

• The first full-scale model or design of a product

What is design?

• A legal right given to an invention

• A drawing, pattern, or sketch made with a specific purpose

• A plan for creating, manufacturing, and delivering a product for sale

• The price that buyers are willing to pay for a product

What is distribution?

• Someone who purchases your product

• Spreading the product through the marketplace for others to buy

• The value of a product after all debts/bills have been paid

• Fees paid to a product owner for use of their design

Who is an entrepreneur?

• A person who starts a business and is willing to risk loss

• The first full-scale model or design of a product

• Increased value as a result of hard work from the owner, without pay

• Money used to start up a business

What is equity?

• The value of a product after all debts/bills have been paid

• A plan for creating, manufacturing, and delivering a product for sale

• The price that buyers are willing to pay for a product

• A drawing, pattern, or sketch made with a specific purpose

What is an investment?

• Spreading the product through the marketplace for others to buy

• Fees paid to a product owner for use of their design

• Someone who purchases your product

• Money used to start up a business

What is market value?

• Increased value as a result of hard work from the owner, without pay

• Characteristics of a population that businesses use to identify customer preferences

• The price that buyers are willing to pay for a product

• The first full-scale model or design of a product

What is a patent?

• A plan for creating, manufacturing, and delivering a product for sale

• A legal right given to an invention

• A drawing, pattern, or sketch made with a specific purpose

• The value of a product after all debts/bills have been paid