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EOPA JRiley1
Entreprenuership Pathway
| Question | Answer |
|---|---|
| What is Marketing? | The commercial processes involved in promoting and selling and distributing a product or service. |
| What Are The Two Branches Of Economics? | Macroeconomics & Microeconomics |
| What are the 4 Phases Of Business Cycles? | Economic boom, recession, a depression, recovery |
| Vulnerability is... | Threats to the strengths of a company. |
| What are the three marketing strategies? | Focus, differentiation and cost leadership |
| What is a mission Statement? | An outline of the fundamental purpose of an organization |
| What does S.W.O.T stand for? | Strengths, Weaknesses, Opportunities and Threats |
| What is a SWOT analysis? | A planning tool used to analyze an organizations strengths, weakness, opportunities and threats |
| What are the 4 functions of Management? | Planning, Organizing, Leadership, Controlling |
| What is GDP? | Is the total value of final goods and services produced in a country in a given year |