Shark Tank Elective Vocabulary A (CAL)

Which is NOT an example of a BIG BOX STORE?

• Home Depot

• Etsy

• Target

• TJMaxx

Who or what is an ENTREPRENEUR?

• a person who gives money to a business

• a person who takes money from someone else

• a person who starts his or her own business with his or her own idea

• a person who enters a business

What is the best definition of MARKETING?

• the activity or business of promoting or selling a product or service

• research that shows how effective a product is

• going to a store to buy products

• figuring out where to place a product

A type of business that sells products directly to consumers.

• retail business
• service business
• e-commerce business
• e-marketing business

What is a Brick-and-Mortar business?

• A business that deals exclusively with construction materials.

• A company that only sells products online.

• A company with a physical store or facility for at least a portion of its operation.

• A business that specializes in real estate investments.

Who or what is a proprietor?

• a new customer
• a venture capitalist
• an engine repair person
• a business owner

The process of starting a new business is known as:

• Diversification

• Entrepreneurship

• Liquidation

• Amortization

Chelsea repairs iPhone screens for cash. She works out of her apartment and advertises on social media. Her target customers are other college students. What is she selling?

• iPhones

• iPhone screens

• a repair service

• advertisements

It details how the proposed business will sell its product to the target consumer.

• Marketing Plan

• Financial Plan

• Organizational Plan

• Introduction

Which one describes ETHOS in a pitch

• showing emotion in order to sell a product

• using facts and figures to sell a product

• persuading through showing a command of the subject matter