Business vocabulary

Why is marketing important?

• Marketing is important for promoting products, reaching target audience, increasing brand awareness, driving sales, and achieving business growth.
• Marketing is important for knitting sweaters
• Marketing is important for skydiving
• Marketing is important for baking cakes

What would happen in a factory?

• Goods would be sold

• Goods would be stored

• Goods would be manufactured

• Goods would be recycled

The person who buys a product

• Employee

• Customer

• Manager

• Boss

The process of finding a person to do a job for your company

• Recruitment

• Firing

• Redundancy

• Recreation

Which doesnt change?

• Variable cost

• Priceless cost

• Foxed cost

• Fixed cost

What is pentration pricing?

• Setting the price of a product higher than rivals

• Setting the price of a product lower than rivals

• Setting the price of a product the same as rivals

• Setting the price of a product at random

What is name of the point at which cost and revenue are equal?

• Break down

• Break up

• Break even

• Break loose

A person who starts their own business is an

• Enterprise

• Entrepeneur

• Entrepid

• Entrapmant

"Just Do It!" by Nike is an example of a

• Market

• Phrase

• Catchphrase

• Slogan

When a company decides to sell shares to the public, it has to __________ on the stock exchange.

• Rocket

• Float

• Flight

• Fleet