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ICT BUSINESS AND ENTREPRENEURSHIP Flashcards | StudBud
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ICT BUSINESS AND ENTREPRENEURSHIP
ICT BUSINESS AND ENTREPRENEURSHIP
23 terms
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StudBud Administration
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review for vocal
Flashcards
23 cards
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Questions
23
Answers
1
Businesses often buy things to help their business run with an agreement to pay later.
Asset
deadline
Budget
Credit
2
75% of __________ fail because they do not generate enough income to sustain activities.
Disrupter
Social Media
Supply
Startup
3
Modern businesses must learn to connect to their customers in a digital way.
Innovation
Sweat Equity
Social Media
Teleportation
4
Deborah works at Express. Her job in ____ requires that she encourage customers to buy
Sales
Pricing
Advertising
Social Media
5
Any amount that you owe at a given point of time is a ____________.
Supply
Unicorn Horn
Asset
Liability
6
What's innovation?
Something cool and trending.
A product with great sales.
A completely new idea.
Something old.
7
How many people want your product.
Supply
Demand
Trends
Information
8
A _____ is when you borrow money from a bank or venture capitalist.
Supply
Loan
Profit
Cash
9
You work hard to make money by building a product.
Price
Market strategy
Cost of good sold
Sweat equity
10
Activities or items that need to be paid for are called _______
startup
expenses
profit
sales
11
A radical new lamp has been created that runs on plants. How could this impact the lamp market?
electric lamps makers will need to innovate
electric lamps will go away immediately
electric lamps will all become lava lamps
electric lamps will be unaffected
12
WeWork has radically changed the business workspace market by offering shared office spaces.
Costs
Advertising
Disruptor
Market Strategy
13
Paying your employees, taxes, utilities and supplies are all examples of business __________.
Sales
Costs
Supply
Advertising
14
We are all __________ who use and buy goods and services.
Consumer
Distributor
Deadline
Loan
15
Sally has a new product, she needs to be careful when she sets _____ (not too high/low).
Slogan
Prototype
Price
Ad
16
Shelley has to deliver her final presentation by Friday.
Salese
Loan
Business Plan
Deadline
17
Squatty Potty used a radical ____ by using Youtube and a pooping unicorn to sell their product
Sweat Equity
Cash
Startup
Marketing Strategy
18
As you start to earn money of your own it is important to make a plan for spending.
Loan
Social Media
Budget
Asset
19
ABC Company had $500 in sales for January. Their COGS was $125 and other expenses were $100.
$100000000
$725
$485
$285
20
______ helps you make people aware of your product.
Costs
Expenses
Sales
Advertising
21
We often analyze a _____ to understand supply, demand and price.
COGS
Sales
Supply
Markets
22
______ is how much of product you have.
Profit
Sales
Demand
Supply
23
A short word for the currency a country uses to by things.
Cheeseburgers
Cash
Currency
Money