entrepeneurship test
describe my business
my business is kalostas confections we are a bakery at the schools hokiday market
what is a sole propriotor
a business were you have unlimited liability, but you dint share your profit and dont have to comprimize
whats the marketing mix
the 4 P's
two thibgs that need a trademark
business name, product name, logo, slogan
whats a business pitch
a business presentation to pitch/ show your business ideas to possible investors
how long should a tagline be
4-6 words
what are the four P's
product, price, place, promotion
what is a competitor in business
some one who sells the same or similar products to yiu. they are in the dame market and can take away yiur business
describe price and promotion and other considerations
price is the cost and how customers recieve it.......promotion is how yiu advertizing, promote it, special offers, piblic relations, its the communicating part of business
2 factors that make a good logo
reflects your business, relevent, colours, name, symbol,
difference in price and cost
cost is how much yiu pay for it/ hiw much it costs to make and orice is hiw much yiu sell it for/ what tye customer pays
what does B2B and C2C stand for
business to business and consuner to comsumer
two tyoes of business models
brick and mortor and franchise
describe two different business models
freemium and subscription
i know them
advantage to matketing with social media
cost etfective, promotions and sponserships and larger audience
what is profit
the money yiu or yiur business makes after yiu subtract yiu much it cost
if you invent a new idea or product what do yiu need
patent
an advantage and disadvantage of evcomerce
advantage=cost less, no need for in person disadvantages= poor customer service have to wait longer
2 reasons and explain why small business fail
run out of money, dont have a good marketing plan, didnt advertize, pior product
who is successful, whats business why are they successful
elon musk, tesla, space x, richest person, ecplain why successful
whats a C2C business
ebay cragslist
whats a target market gige example of business
example si McDonalds with kids amd a target marjet is a group of customer that yiu are aiming yieu product or service to