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WorksheetsBusiness Essentials (FC-8)
Total questions: 15
Worksheet time: 8mins
Starting a new business is also known as
LIQUIDATION
DIVERSIFICATION
ENTREPRENEURSHIP
AMORTIZATION
The best definition of MARKETING is that it is the process of
planning, pricing, promoting, distributing, and selling a product or service
optimal product placement
product research and development
organizing and starting a business in a unique setting
A RETAIL business is one in which products/services are
provided at a discount
marketed online
sold online
sold directly (in person) to a consumer
A product sold targeting a particular region is known as a
GEOGRAPHIC Target Area
DEMOGRAPHIC Target Area
BEHAVIORAL Target Area
GEOPHYSICAL Target Area
A product or service targeted to people who are of a certain age group, generation, or "type" is called a
GEOPHYSICAL Target Area
DEMOGRAPHIC Target Area
GEOGRAPHIC Target Area
BEHAVIORAL Target Area
A product or service targeted to a hobby, occasion, or condition is called a
GEOPHYSICAL Target Audience
DEMOGRAPHIC Target Audience
BEHAVIORAL Target Audience
GEOGRAPHIC Target Audience
A VENTURE CAPITALIST
invests capital in exchange for a stake in a business
a government official who regulates new businesses
an advisor for cost-cutting
an entrepreneur who starts a chain of businesses
An ELEVATOR PITCH is a way to connect an ENTREPRENEUR and an INVESTOR.
It is known to
be INVOLVED
be BRIEF
include a PROTOTYPE
always SUCCEED
The process of finding an efficient and cost-effective way of getting goods to a consumer.
SUPPLY CHAIN
PATENT
LOGISTICS
ROYALTY
The network involved in moving goods from being raw materials to finished product to a supplier to a producer to a warehouse to a consumer
MARKETING
LOGISTICS
ASSET MANAGEMENT
SUPPLY CHAIN
Explaining how a product or service's value is more advantageous is called its
Unique Value Proposition
Bragging
Equity Proposition
Marketing Plan
the difference between the cost of making the product and its sale price
PROTOTYPE
REVENUE
MARGIN
EQUITY
A document certifying an inventor's exclusive right to that invention
PATENT
PROFIT
EQUITY
ROYALTY
The working money that keeps a business going
REVENUE
CAPITAL
PROFIT
MARGIN
REVENUE
working money used to keep a business going
earnings received from product/service sales
income left over after expenses are paid
difference between cost to build a product and what it sells for
