EBD 280 Kahoot Questions
What does venture mean?
A business enterprise involving considerable risk
What is a business model?
A model that describes how a business creates, delivers and captures value
Define initiative
A motivation to accomplish more
What are External factors?
A range of outside influences that can impact a business
What is a franchise?
A written contract granting permission to sell someone else's product
Empathy is also...
All answers (Seeing the world through another's eyes, Putting yourself in someone else's shoes, trying to understand the other person)
Who is this famous Entrepreneur?
Bill Gates, co-founder of Google
What is indirect competition?
Businesses that offer the same type of product or service
Who determines demand?
Buyers
Direct competitors are what?
Competitors whose products can satisfy the same need, but in different ways
Define start up costs
Costs that a new business has to pay for equipment, licenses, etc.
Peril means...
Danger
A business that conducts all of its sales online.
Digital Business
Geographic segmentation is about?
Dividing markets based on location
What external factors may impact a business?
Economic, Political, Social, Technological
The Economy is an internal factor
False
Which is NOT an example of Offline Marketing?
Google Ads
Which of these are protected by copyright?
Graphic works; Sound recordings
What is feasibility?
How effective a solution might be; whether a solution is possible, at what cost or difficulty
What is a trade secret?
Information protected by a company and used to create a business advantage
Leveraging
Investing with bored money to increase gains at the risk of greater loss
Which company owns this trademark?
Lays
What are operating costs?
Money spent on a regular basis to keep a business running
Which of these is NOT an example of digital marketing?
Personal selling
The actual physical store
Physical Business
This describes price skimming:
Price is set high at release to skim die-hards for profit
Define copyright
Protection given to an author's original works or authorship
What is a trademark?
Protection of a logo or artwork
What is a Value Proposition?
Refers to the value a company promises to deliver to customers
Revamp means...
Repair or restore
What is an innovator?
Someone who takes the existing product and changes them?
What is the purpose of a business plan?
States the purpose and vision of your company and States the amount of capital you need to run the company
Which on stands for trademark?
TM
What are psychographics?
Target markets' lifestyle
A patent gives its owner...
The right to exclude others from using the invention
Describe the pricing strategy of 'market penetration'
Very low prices to undercut competitors
What aspect of the value propositions should you focus on?
Why us?
The pitch deck is ____________.
Your presentation to introduce your product/ idea to investors
Define opportunity
a chance for good things to happen
A feasibility analysis determines if:
an idea is practical
Behavioral segmentation is based on...
benefits to customers based on their wants and needs
A patent gives a person legal rights regarding an
invention
Business ethics
is the application of moral standards to business situations
Drawbacks are...
problems or disadvantages
Empathy means...
putting yourself in someone else's shoes
A competitor is a
rival
What is an entrepreneur?
someone who starts their own business
What are demographics?
statistics used to describe a group of people
What does a SWOT analysis evaluate?
strengths, weaknesses, opportunities, threats
Demand is
the number of people who want or need something
What is Opportunity Analysis?
the process of deciding which ideas represent a market opportunity
Insight means
understanding
A joint venture is
where two or more companies share the cost and responsibility
Internal Factors that influence the development of new food products include
workforce skills, company image, financial backing
