Shark Tank Vocab Review

Government license that protects original ideas.

• License

• Royalty

• Purchase Order

• Patent

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

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 does it mean to have equity in a company?

• To have ownership over a web address

• To receive payment based on each item sold

• To have exclusive rights to sell a product

• To own a percent of the company

What does it mean to receive a royalty?

• To own a percent of the company

• To have ownership over a web address

• To have exclusive rights to sell a product

• To receive payment based on each item sold

What does it mean for a product to be patent pending?

• The product has government-approved rights and no one else can take the idea

• The product is owned by a large company

• The product is waiting for government approval

• The product is exclusively sold at a specific store

The amount a good or service can be sold for in the market.

• Price

• Overhead

• Equity

• Market Value

As asset's ability to be sold for cash.

• Break Even

• Revenue

• Liquidity

• Stake