TargetMarketA specific groupof consumersthat a businessaims to reachwith itsmarketing effortsProfitThe financialgain madewhen revenueexceedsexpensesConsumerNeedsA factor thatmotivatesconsumersto buyproductsRevenueThe total incomegenerated by abusiness fromits sales ofgoods orservicesFranchiseA business modelwhere a franchisorgrants a franchiseethe right to operate abusiness using thefranchisor's brand,products, andoperating methodsBrandingThe process ofcreating a uniquename, symbol, ordesign for a productor service todifferentiate it fromcompetitors and buildcustomer loyaltySoleProprietorshipA business ownedand run by oneperson, where theowner ispersonally liablefor all debts andobligationsSoftwareA set ofinstructionsthat tell acomputerwhat to doE-CommerceThe buyingand selling ofgoods andservices overthe internetConsumersPeople whobuy goodsand servicesfor personaluseMarketingThe process ofcreating,communicating anddelivering value tocustomers andmanaging customerrelationships in waysthat benefit theorganizationLiabilityThe state ofbeing legallyresponsibleforsomethingInformationTechnologyThe use ofcomputers andother electronicdevices to store,process, andtransmitinformationResourcesThings that areavailable to beused, such asmoney, labor,materialsLLCA limited liabilitycompany, a type ofbusiness structurethat offers liabilityprotection to itsowners, separatingtheir personal assetsfrom the businessHardwareThe physical partsof a computersystem, such asthe keyboardmonitor, and harddriveMarketResearchThe systematicgathering, recordingand analysis of dataabout consumers,competitors, andthe market ingeneralSupplyThe amount of agood or servicethat producers arewilling and able tooffer for sale at agiven priceEntrepreneurshipThe activity ofsetting up abusiness, takingon financial risksin the hope ofprofitDemandThe amount of agood or servicethat consumersare willing andable to buy at agiven priceEconomicsThe study of howpeople makechoices aboutusing limitedresources tosatisfy theirunlimited wantsMarketingMix4 P's that acompanyuses tomarket to itstarget marketNonprofitNot intendedto make aprofit; not forcommercialgainDemographicsStatistical datarelating to thepopulation andparticular groupswithin it, especiallyconcerning age,gender, income, andeducationTargetMarketA specific groupof consumersthat a businessaims to reachwith itsmarketing effortsProfitThe financialgain madewhen revenueexceedsexpensesConsumerNeedsA factor thatmotivatesconsumersto buyproductsRevenueThe total incomegenerated by abusiness fromits sales ofgoods orservicesFranchiseA business modelwhere a franchisorgrants a franchiseethe right to operate abusiness using thefranchisor's brand,products, andoperating methodsBrandingThe process ofcreating a uniquename, symbol, ordesign for a productor service todifferentiate it fromcompetitors and buildcustomer loyaltySoleProprietorshipA business ownedand run by oneperson, where theowner ispersonally liablefor all debts andobligationsSoftwareA set ofinstructionsthat tell acomputerwhat to doE-CommerceThe buyingand selling ofgoods andservices overthe internetConsumersPeople whobuy goodsand servicesfor personaluseMarketingThe process ofcreating,communicating anddelivering value tocustomers andmanaging customerrelationships in waysthat benefit theorganizationLiabilityThe state ofbeing legallyresponsibleforsomethingInformationTechnologyThe use ofcomputers andother electronicdevices to store,process, andtransmitinformationResourcesThings that areavailable to beused, such asmoney, labor,materialsLLCA limited liabilitycompany, a type ofbusiness structurethat offers liabilityprotection to itsowners, separatingtheir personal assetsfrom the businessHardwareThe physical partsof a computersystem, such asthe keyboardmonitor, and harddriveMarketResearchThe systematicgathering, recordingand analysis of dataabout consumers,competitors, andthe market ingeneralSupplyThe amount of agood or servicethat producers arewilling and able tooffer for sale at agiven priceEntrepreneurshipThe activity ofsetting up abusiness, takingon financial risksin the hope ofprofitDemandThe amount of agood or servicethat consumersare willing andable to buy at agiven priceEconomicsThe study of howpeople makechoices aboutusing limitedresources tosatisfy theirunlimited wantsMarketingMix4 P's that acompanyuses tomarket to itstarget marketNonprofitNot intendedto make aprofit; not forcommercialgainDemographicsStatistical datarelating to thepopulation andparticular groupswithin it, especiallyconcerning age,gender, income, andeducation

Intro to Business Semester Test Vocabulary - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. A specific group of consumers that a business aims to reach with its marketing efforts
    Target Market
  2. The financial gain made when revenue exceeds expenses
    Profit
  3. A factor that motivates consumers to buy products
    Consumer Needs
  4. The total income generated by a business from its sales of goods or services
    Revenue
  5. A business model where a franchisor grants a franchisee the right to operate a business using the franchisor's brand, products, and operating methods
    Franchise
  6. The process of creating a unique name, symbol, or design for a product or service to differentiate it from competitors and build customer loyalty
    Branding
  7. A business owned and run by one person, where the owner is personally liable for all debts and obligations
    Sole Proprietorship
  8. A set of instructions that tell a computer what to do
    Software
  9. The buying and selling of goods and services over the internet
    E-Commerce
  10. People who buy goods and services for personal use
    Consumers
  11. The process of creating, communicating and delivering value to customers and managing customer relationships in ways that benefit the organization
    Marketing
  12. The state of being legally responsible for something
    Liability
  13. The use of computers and other electronic devices to store, process, and transmit information
    Information Technology
  14. Things that are available to be used, such as money, labor, materials
    Resources
  15. A limited liability company, a type of business structure that offers liability protection to its owners, separating their personal assets from the business
    LLC
  16. The physical parts of a computer system, such as the keyboard monitor, and hard drive
    Hardware
  17. The systematic gathering, recording and analysis of data about consumers, competitors, and the market in general
    Market Research
  18. The amount of a good or service that producers are willing and able to offer for sale at a given price
    Supply
  19. The activity of setting up a business, taking on financial risks in the hope of profit
    Entrepreneurship
  20. The amount of a good or service that consumers are willing and able to buy at a given price
    Demand
  21. The study of how people make choices about using limited resources to satisfy their unlimited wants
    Economics
  22. 4 P's that a company uses to market to its target market
    Marketing Mix
  23. Not intended to make a profit; not for commercial gain
    Nonprofit
  24. Statistical data relating to the population and particular groups within it, especially concerning age, gender, income, and education
    Demographics