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Biz Kids Ep. 405

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

When Maddie Bradshaw began making Snap Caps, she withdrew $300 from her bank account. This is an example of which term?

a)

Advertise

b)

Profit

c)

Start-up costs

d)

Venture capitalist

2.

Who would be the best target customer for Snap Caps?

a)

Preschool Students

b)

Culinary School Students

c)

Girl Scouts

d)

Members of the American Dental Association

3.

The first step introduced in the episode "Crash Course On Starting a Business" is:

a)

Marketing

b)

Business Plan

c)

Funding

d)

Idea

4.

How does Joe, the CEO of Bragg's Fine Swine, market his product?

a)

Magazines

b)

Radio Commercials

c)

TV Commercials

d)

Mailers/Advertising Circulars

5.

When Zoe Damacello began her business, she actually lost money on her first sale. Zoe realized that she hadn't calculated _____.

a)

Her investment

b)

Start-up costs

c)

The economics of one unit.

6.

Which term means "to promote goods or services"

a)

Marketing strategy

b)

Target customer

c)

Venture capitalist

d)

Advertise

7.

Which term means "a detailed plan including the strategies planned to achieve the profit goals"

a)

Target customer

b)

Business plan

c)

Marketing strategy

d)

Product

8.

Which term means "the amount that it costs to produce one unit of the product"

a)

Marketing strategy

b)

Advertise

c)

Economics of one unit

d)

Profit

9.

Which term means "an activity in which money is put at risk for the purpose of making a profit"

a)

Product

b)

Profit

c)

Invest

d)

Venture capitalist

10.

Which term means "a process that allows an organization to focus on its goals"

a)

Business plan

b)

Marketing strategy

c)

Start-up costs

d)

Target consumer

11.

Which term means "a thing that you can touch or a service that you can offer which is sold to your customers"

a)

Product

b)

Profit

c)

Advertise

d)

Funding

12.

Which term means "money that is left after expenses have been paid for from a business or an investment"

a)

Product

b)

Profit

c)

Marketing strategy

d)

Target customer

13.

Which term means "all of the expenses required to begin your business"

a)

Product

b)

Profit

c)

Start-up costs

d)

Economics of one unit

14.

Which term means "the intended group to which a product or service is marketed or advertised"

a)

Venture capitalist

b)

Marketing strategy

c)

Economics of one unit

d)

Target customer

15.

Which term means "a private investor that provides money to start a new business or to grow an existing business"

a)

Business Plan

b)

Invest

c)

Marketing Strategy

d)

Venture capitalist

16.

Which is NOT an example of a service business?

a)

Babysitting

b)

Tutoring

c)

Selling hand-made crafts at a fair

d)

Taking in mail and watering plants while customers travel.

17.

How did Kellin Dixon fund the cleaning company that now supports his family?

a)

Bank loan

b)

Personal loan

c)

Venture capitalist

18.

Kaelon realized his cookie business was doomed 's when he realized the _____ was a higher price than his customers where willing to pay.

a)

Economics of one unit

b)

Business Plan

c)

Marketing strategy

19.

True or False: Students under the age of 18 can take courses to learn how to start a business.

a)

True, Yes, Absolutely

b)

False, No, Negative

20.

The "sharks" on the tv series, Shark Tank, are an example of:

a)

Business plan

b)

Profit

c)

Venture capitalist