Intro to Business Final Jeopardy!!!! Matching Review Mixture of Matching, Mini Matching, and Short Answer

Final Jeopardy Right Side of Room Center Center Back Left Side of Room Unit 1 Unit 2 Unit 3 Unit 3 x2 Hodgepodge 100 200 300 400 500

Question: Unit 1 100 Points Restrictions to Trade

Know the different ones; quota, embargo, tariff Answer: Unit 1 100 Points What is a Trade Barrier Know the different ones; quota, embargo, tariff

Goods and services sold to other countries Question: Unit 1 200 Points Goods and services sold to other countries

Import: Goods and services bought from other countries Answer: Unit 1 200 Points What are Exports Import: Goods and services bought from other countries

Question: Unit 1 300 Points Situation in which a country specializes in the production of a good or service at which it is relatively more efficient

Comparative Advantage Answer: Unit 1 300 Points What is Comparative Advantage Absolute Advantage: Situation where a country can produce a good or service at a lower cost than other countries

Protection of the creative work of authors, composers, and artists Question: Unit 1 400 Points Protection of the creative work of authors, composers, and artists

Also know patent and trademark Answer: Unit 1 400 Points What is Copyright Also know patent and trademark

Value of the next-best alternative that you were not able to choose Question: Unit 1 500 Points Value of the next-best alternative that you were not able to choose

What is Opportunity Cost Answer: Unit 1 500 Points What is Opportunity Cost

Question: Unit 2 100 Points Written description of the business idea and how it will be carried out

Answer: Unit 2 100 Points What is a Business Plan

Power based on a leader’s position within the formal structure Question: Unit 2 200 Points Power based on a leader’s position within the formal structure

What is Formal Influence Answer: Unit 2 200 Points Know Informal Influence: Power resulting from the personal characteristics of a leader

Question: Unit 2 300 Points Precise statement of results the business or individual expects to achieve

Answer: Unit 2 300 Points What is Goals

Question: Unit 2 400 Points Written contract granting permission to operate a business to sell products and services in a set way

Answer: Unit 2 400 Points What is a Franchise

Question: Unit 2 500 Points Environment in which people work , made up of the atmosphere, behaviors, beliefs, and relationships

What is Organizational Culture Answer: Unit 2 500 Points What is Organizational Culture

Question: Unit 3 100 Points Amount of money available to the business after all costs and expenses have been paid

Answer: Unit 3 100 Points What is Profit

Any form of communication used to inform, persuade, or remind Question: Unit 3 200 Points Any form of communication used to inform, persuade, or remind

Answer: Unit 3 200 Points What is Promotion

Question: Unit 3 300 Points The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners and society at large

Answer: Unit 3 300 Points What is Marketing

Question: Unit 3 400 Points Name 2 advertisement strategies a company can use to hit their target market

Answer: Unit 3 400 Points Are you cool? Amazing toys Weasel words Put downs Heartstrings Celebrities / Star Power Family fun Facts & Figures Bandwagon Excitement Scale Role model

Question: Unit 3 500 Points Managing the acquisition, movement, and storage of supplies, materials, and finished products in a business

Answer: Unit 3 500 Points What is Logistics

Question: Unit 3 x2 100 Points Detailed plans for the financial needs of individuals, families, and businesses

Answer: Unit 3 x2 100 Points What is a Budget

Question: Unit 3 x2 200 Points What are the 4 Ps of marketing

What is Place, Price, Product, Promotion Answer: Unit 3 x2 200 Points What is Place, Price, Product, Promotion

Question: Unit 3 x2 300 Points Financial documents that are used to record and analyze the financial performance of a business

What are Financial Records Answer: Unit 3 x2 300 Points What are Financial Records

Question: Unit 3 x2 400 Points There are many promotion strategies, name one

What is Personal selling, Advertising & donating, Merchandising Answer: Unit 3 x2 400 Points What is Personal selling, Advertising & donating, Merchandising

Question: Unit 3 x2 500 Points Company’s plan that identifies how it will use marketing to achieve its goals

Answer: Unit 3 x2 500 Points What is Marketing Strategy

Question: Hodgepodge 100 Points Things necessary to live

Answer: Hodgepodge 100 Points What are Needs Know Wants

Question: Hodgepodge 200 Points Set of promotional activities designed to obtain sales in the retail setting

Answer: Hodgepodge 200 Points What is Merchandising

Question: Hodgepodge 300 Points Specific study of a job to identify in detail the job duties and skill requirements

Answer: Hodgepodge 300 Points What is Job Analysis

Question: Hodgepodge 400 Points Physical conditions and the psychological atmosphere in which employees work

Answer: Hodgepodge 400 Points What is Work Environment

Question: Hodgepodge 500 Points Ability to motivate individuals and groups to accomplish important goals

Answer: Hodgepodge 500 Points What is Leadership