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Business and Marketing fun facts Flashcards | StudBud

Explore/Business and Marketing fun facts

Business and Marketing fun facts

10 terms·StudBud Administration·141 plays

An entrepreneurship quiz assignment

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Questions 10

Answers

1
What and when was the first ever patent for a product?
An ingredient used in fertilizer, July 31, 1790
The pencil, August 14,1803
Pancake batter, November 10, 1825
The shoelace, July 4, 1793
2
What is the richest company in the world as of 2017?
Amazon
Apple
Google
Facebook
3
What is profit margin?
Difference of retail price and cost of goods or the product.
Difference of the money goal and the money gained.
4
What is seed money used for?
To help start or invest in your business
Money used to buy seeds.
Used for big purchases or backups, incase a machine fails.
5
Who patented the first product?
Samuel Hopkins
Kazi Blanka
David Daysi
Jacques Simons
6
What is a markup?
The amount added to the cost of a product to set the price.
The target price previously set and now aiming to reach.
7
Who is the richest person of all time?
Mark Zuckerburg
Mansa Musa
Emperor Shenzong
Steve Jobs
8
What percent of americans are unemployed?
8.2%
4.1%
5.7%
Less than 3%
9
Which of these options are NOT included in the 4 P's of Marketing?
Problem, Persistence.
Planning, Partner
Promotion, Price.
Product, Place.
10
What is Revenue?
The amount of profit earned off of one singular product.
The amount of money lost off of one singular product.
The amount of money lost during a period of time.
The amount of profit earned during a period of time.