Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Darknet market wikipedia , lookup
Grey market wikipedia , lookup
Product planning wikipedia , lookup
Advertising campaign wikipedia , lookup
Market penetration wikipedia , lookup
Marketing channel wikipedia , lookup
Pricing strategies wikipedia , lookup
Global marketing wikipedia , lookup
Dumping (pricing policy) wikipedia , lookup
Target market wikipedia , lookup
Price discrimination wikipedia , lookup
Business & Marketing Review Name:________________________ Per:_____ Budget 1. What is the difference between: Fixed expenses Expenses amount that remains constant from payment to payment over a period of time. Variable Expenses Expense amount that changes from payment to payment. 2. A Budget is a saving and spending plan. 3. List the five budgeting steps. 1. Set financial goals (Set Goals) 2. Estimate Income (Gross Pay-Deduction=Net Pay) 3. Estimate Expenses (Fixed and Variable) 4. Plan for Savings 5. Balance Budget (As life and goals change you will need to adjust your plan) 4. George makes $12.00 and hour and works 35 hours a week. $420 is George’s Gross pay. 5. Gross Pay – Deductions = Net Pay. 6. What are three examples of deductions? 1) Social Security 2) Taxes 3) Medicare 7. Two (2) reasons to have a budget is to help track your Income & Expenses 8. Net Pay is also called Take home pay Stock Market What are the following types of businesses? Corporation Which type sells stock? Partnership ___Corporation_____________ Sole Proprietor What are the differences between shares and stocks? Stock = Overall ownership in a company Shares = How many shares (or how much) of ownership you have have. Who charges commissions and what for? Stock Broker, charges a commission fee to complete trades or transactions in your behalf. A Stock Broker buys and sells stock for his/her clients on the stock market. Business & Marketing Review Name:________________________ Per:_____ What are Dividends? Money dispersed from the company profits back to the shareholders (company owners) The stock market is a place where securities (securities = stocks, bonds, mutual funds, currency, etc…) are traded. List 2 examples of stock markets: 1) NYSE 2) NASDAQ What is the difference between: BULL MARKET Reflects when the stock market as a whole is trending upward BEAR MARKET Reflects when the stock market as a whole is trending downward Identify the parts of a stock quote: Ticker Symbol: 1 – 5 Letters Current Price: The amount of the last trade Stock Market: Where it’s traded Prev Close: Yesterday’s ending price 52 wk Range: The high and low price of the stock in past 52 weeks Open: Today’s starting price 1y Target Est: Estimate of where the stock price is projected to be in 1 year Beta: Volatility / Riskiness indicator of a stock P/E: Price to Earnings ratio Day’s Range: The high and low price of the stock price for today Volume: The amount of shares being traded Calculations of stock price, how man purchased = overall value and total shares (600 shares bought at $3.00 in June, you decided to sell at $6.00 per share in October. What is the loss or gain?) June: 600 x $3.00 = $1800 October: 600 x $6.00 = $3600 Loss or Gain: $3600 - $1800 = $1800 gain What is Compound Interest? Money earned from the principal amount and the interest earned previously. Business & Marketing Review Name:________________________ Per:_____ Compound Interest Example: Year Principal Interest Amount at the end of a time period 0 (Now) $1,000.00 ($1,000.00 × 10% = ) $100.00 $1,100.00 1 $1,100.00 ($1,100.00 × 10% = ) $110.00 $1,210.00 2 $1,210.00 ($1,210.00 × 10% = ) $121.00 $1,331.00 3 $1,331.00 ($1,331.00 × 10% = ) $133.10 $1,464.10 4 $1,464.10 ($1,464.10 × 10% = ) $146.41 $1,610.51 Mutual Funds is when you invest into a variety of industries/different businesses subjects, rather than into one area. What’s the advantage of diversification? Reducing the potential risk of only investing into one or two different industries. “Don’t put all of your eggs into one basket” Why would want to invest into a Mutual Fund? Diversification Economics 1. What is the difference between law of supply and law of demand? Supply The higher the price, the more producers will supply. Demand The lower the price, the more people will buy. - OR The higher the price, the less people will buy. 2. List the 3 types of economic resources. Capital Human Natural 3. The method of distributing resources is called an Economic System. 4. What is the USA’s economic system? Capitalism / Free Enterprise 5. What are some examples of Goods and Services? Goods Services 1) Computer 1) Plumber 2) Food 2) Waiter 3) Shoes 3) Insurance Business & Marketing Review Name:________________________ Per:_____ 6. Scarcity = Wants > Resources 7. Fill in the blanks: Demand is the amount of product consumers are willing to buy. Supply is the amount of product suppliers are willing to produce. Services are satisfied through the Wants of people or machines. What is Opportunity cost & give an example... What you give up when you make one choice instead of another. Choosing between alternatives involves knowing what you give up and what you gain. Ex: Not hang out with friends and go to the an event you all like, instead you chose to go to dinner and movie with your family. What does Scarcity mean? and give an example… When there is a lack of something that can be used to satisfy the wants of a group of people. Ex: Entrepreneurship Entrepreneurship List common characteristics of an Entrepreneur: Entrepreneur—Someone who takes a risk in starting a business to earn a profit. • Work with people • Self-starter • Leader • Take Responsibility (Follow through) • Organizer • Hard Worker What are the 3 categories or types of business you can establish? Types of Businesses Advantages 1) Sole Proprietorship 2) Partnership 3) Corporation Lower Taxes Easier to raise financial Unlimited life Sole Responsibility capital Control over profits Partners may combine managerial skills Lower Taxes Ease of starting a business More than one owner Specialized Management Greater financial capital No personal liability for owners Business & Marketing Review Disadvantages Unlimited liability Increased Taxation Difficulty in raising financial capital Shared profits Difficulty in starting Possible conflicts between partners Generally Larger and more bureaucratic Possible instability after death of a partner Increased government control Responsible for all losses Management Knowledge may be limited. - Name:________________________ Per:_____ Unlimited liability Non-profit vs. When an organization’s goals are to serve the general public and not to make a profit. The organization does not pay taxes. For Profit businesses…… - Companies are in business to make a profit by Providing a product or service The technical definition of an entrepreneur is…. Someone who takes a risk in starting a business to earn a profit What would be 2 disadvantages of being an entrepreneur? What would be 2 disadvantages of being an entrepreneur? Time Demanding | Full Responsibility of business success or failure What would be 2 advantages of being an entrepreneur? Decision Making | Flexibility. What does the term unethical mean? ____________________________________________________ __________________________________________________________________________________ What does copyright & trademark do for a business or persons items or ideas? Marketing 1. What is a Target Market? A specific group of people that a business identifies as their main desired customers 2. List three types of target markets: Gender Race Age Culture Income level 3. What is market research? Market research is simply research into a specific market. Marketing research is the function that links the consumer, customer, and public to the marketer through information. Why? To know your target market wants and needs. Business & Marketing Review 4. List the 4 P’s (Market MIX) Product Place 5. Rational Motive Emotional Motive Patronage Motive Name:________________________ Per:_____ Price Promotion - Buying decisions based on facts and logic - Buying decisions based on feeling and attitude “impulse buying” - Buying decisions based on loyalty and commitment to a brand. Accounting Revenue is the AMOUNT of money a BUSINIESS receives in exchange for their PRODUCTS & SERVICES An ASSET is a something of value (thing, person, quality) that someone or a business controls that will provide future benefit. Liability is a company’s or persons LEGAL DEBT or obligations. Liabilities include loans, accounts payable, mortgages, and accrued expenses.