Business review game

Question 1

When you define a group of people that your product is going to be sold to you have created a

Accepted Answer

Target Audience

Question 2

Food, water and shelter are all examples of...

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Needs

Question 3

Contract between a person and a corporation for rights to use their name and sell their product

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Franchise

Question 4

Items that you can determine are real using your 5 senses

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Goods

Question 5

Items that are nice to have but not important to survival.

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Wants

Question 6

Walmart and Target are in ___________ because they are very similar.

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Competition

Question 7

This department will deal with paychecks, taxes and create budgets for the business

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Accounting

Question 8

When you get good feedback from possible consumers you then create a __________

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Prototype

Question 9

What is the slogan that goes along with this picture?

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I'm lovin' it

Question 10

When someone gives you money for your business they are making a(n)

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Investment

Question 11

This department deals with leading and supervising the employees

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Management

Question 12

George gets paid a rate of $15.25 per hour. This means he gets a...

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Hourly wage

Question 13

This is a ________ for the Olympics.

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Logo

Question 14

A logo is...

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A symbol that represents a business

Question 15

You paid time and a half for this type of work

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Overtime

Question 16

What target audience is this product geared towards?

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young children

Question 17

This a deduction that funds a government program that you can use when you get older

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Social Security

Question 18

When you are screening ideas you are...

Accepted Answer

Checking to see if they are good.

Question 19

The products and services section of your business plan explained your location and the _______

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Industry

Question 20

The section where you define you target audience and a possible logo and slogan.

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Marketing

Question 21

When creating a product you must analyze your ____________.

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Competitors

Question 22

The amount of money you get to take home/put in your pocket

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Net income

Question 23

Landscaping, Organizing and Cooking are all examples of __________.

Accepted Answer

Services

Question 24

The Goals section of your business plan explained your short term,......

Accepted Answer

medium and long term goals

Question 25

Logos, slogans and advertisements are all things that are handled by the _______ department

Accepted Answer

Marketing

Question 26

Most small businesses, like in the picture, usually have one owner and are called...

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Sole Proprietorships

Question 27

The money that is left over after the bills have been paid

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Profit

Question 28

The promise of money between a consumer and a business

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Refund, Transaction

Question 29

Business term for someone who buys or uses goods or services

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Consumer

Question 30

This is an elective deduction

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Health insurance

Question 31

Lump sum of money that you get broken up between pay periods is...

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Salary

Question 32

These types of businesses don't just have to be with 2 people but can have more than 2 also

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Partnership

Question 33

St. Jude, Make a Wish and the American Cancer Society are all this type of business

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Not-for-profit organization

Question 34

The document in the picture is called a

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Paystub

Question 35

A document that shows how much money is assigned for a specific purpose

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Budget

Question 36

The first step in the product development process is.....

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Having the idea

Question 37

The total amount of money earned in a pay period is...

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Gross income

Question 38

This cereal is geared towards what target audience?

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Athletes

Question 39

This slogan goes with what business?

Accepted Answer

Nike

Question 40

Commission is...

Accepted Answer

The % earned on a sale

Business review game

Questions 40

Business review game

Questions 40