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Advertising
A business expense – a way to persuade people to want goods or services
After you receive a paycheck, how does the money get into your checking account?
You have to make a deposit at the bank
How should “hot items” be priced in a business?
“Hot items”should be priced higher than other items.
Inventory
Goods that a business has in stock to sell.
Revenue
The money a business collects from sales.
Selling price
The amount of money a buyer pays and a seller receives for a good or service.
Supplies
A business expense- items that are in the market that is available for purchase at a particular price.
To make a profit, does the businesses revenue have to be greater than or less than its costs?
To make a profit a business is revenue to be greater than its costs.
True or false? A quality business follows a model of best practices.
True
True or false? Charging more for an item guarantees a higher profit.
False
True or false? Good advertising only tells people what they want to hear about a product.
False
True or false? Net pay is the amount a worker receives from an employer after taxes and other deductions are taken from a paycheck.
True
What are characteristics of a good advertisement?
A good advertisement…*grabs a buyer’s attention *holds a persons interest *create a desire for the product
*prompts a person to buy the product
What services are needed by new business?
A loan and checking account.
What is the revenue that is left over after paying business costs called?
Revenue left over after paying business costs is called profit.
Why is teamwork important to a quality business?
Teamwork is important because…
*Employees who work together can help a business provide good customer service.
*It takes all employees to get the tasks done for the business to be successful

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