Business Education 9 Jeopardy Chapter 5 Review. Jeopardy Groups Olivia Z. Vanessa C....
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Transcript of Business Education 9 Jeopardy Chapter 5 Review. Jeopardy Groups Olivia Z. Vanessa C....
![Page 1: Business Education 9 Jeopardy Chapter 5 Review. Jeopardy Groups Olivia Z. Vanessa C. MichaelRileyOlivia S.HelenaBrendanJeremy ZsophiaMichelleChrisBrandon.](https://reader035.fdocuments.us/reader035/viewer/2022070414/5697c0221a28abf838cd32ab/html5/thumbnails/1.jpg)
Business Education 9 Jeopardy
Chapter 5 Review
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Jeopardy Groups
Olivia Z. Vanessa C.
Michael Riley
Olivia S. Helena
Brendan Jeremy
Zsophia Michelle
Chris Brandon
Janelle Vanessa G.
Zack Alejandro
Patricia Leo
T.J. Empty
Dawn Chelsea
Justin Jackson
Jesse Bill
Thomas Brian
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Business Success
Factors Affecting Business Success
Economic Conditions
Government Influence
Business Failure
$100 $100 $100 $100 $100
$200 $200 $200 $200 $200
$300 $300 $300 $300 $300
$400 $400 $400 $400 $400
$500 $500 $500 $500 $500
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Business Success $100
• What software company made a net profit of $9.4 billion (U.S.) in 2000?
Microsoft
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Business Success $200
• Profit is also expressed as? Return on Sales
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Business Success $300
• What is the profit equation? Profit = Selling Price – Cost of Goods Sold –
Expenses
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Business Success $400
• Henry Ford took advantage of what principle, which means the more products you can make using the same factory, the cheaper each product becomes?
Economies of Scale
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Business Success $500
• Name one way you can measure the success of a business?
Calculating profit, Employee Satisfaction, Contributions to the Community, Personal Satisfaction of the Owner or Operator
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Factors Affecting Business Success$100
• What company sold the most successful cap in Canada in 1998?
Roots
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Factors Affecting Business Success$200
• No one can be successful in business unless they have the ability to what?
Work well with others
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Factors Affecting Business Success$300
• What can be worked on to improve your personal business skills?
Personal traits
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Factors Affecting Business Success$400
• Give one example of a personal factor that can lead to business success?
Desire for Control, Vision, Passion, Perseverance, and Teamwork
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Factors Affecting Business Success$500
• What is another success factors other than the influence of the government that determines success in business?
Economic conditions or personal factors
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Economic Conditions$100
• What Bank controls the money supply in Canada?
The Bank of Canada
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Economic Conditions$200
• What measures the number of able-to-work people who don’t have jobs?
Unemployment Rate
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Economic Conditions$300
• What is another name for a business that is barely competitive?
Marginal businesses
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Economic Conditions$400
• What occurs when the price of many products goes up, while the purchasing power of money decreases?
Inflation
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Economic Conditions$500
• The amount of a good that producers are allowed to supply is called what?
Supply Quota
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Government Influence$100
• Give one example of a marketing board Milk, Egg, Chicken
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Government Influence$200
• Give one example of why we pay for taxes? Education, Health Care, etc
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Government Influence$300
• Does the government want control or no control of agriculture products?
Control
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Government Influence$400
• What does Caveat Emptor mean? Let the buyer beware
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Government Influence$500
• What Act regulates door-to-door selling by providing a two-day cooling-off period?
Consumer Protection Act
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Business Failure$100
• What is another name for retail giants? Big-box stores
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Business Failure$200
• What do accountants set when they want limits on the amount of money a business should spend on inventory?
Budgets and buying quotas
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Business Failure$300
• Finish this saying… “Those who do not learn from past mistakes are bound to _________________ ______________”
Repeat them
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Business Failure$400
• Business failure often results from a lack of one of the two major business skills __________________
Accounting or Marketing
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Business Failure$500
• At least half of the businesses in Canada go out of business before their ______________ year anniversary.
Third