What does KPI stand for in business?
Key Performance Indicator
Key Process Input
Knowledge Performance Index
Key Profit Insight
Which financial statement shows a company’s assets and liabilities?
Income Statement
Cash Flow Statement
Balance Sheet
Profit Report
What does ROI stand for?
Rate of Investment
Return on Investment
Revenue on Income
Ratio of Income
Which term refers to a company’s total sales revenue minus total costs?
Capital
Profit
Asset
Liability
What is the primary goal of marketing?
Reduce costs
Increase production
Promote and sell products/services
Manage employees
What does SWOT stand for?
Strengths, Weaknesses, Opportunities, Threats
Sales, Work, Output, Target
Strategy, Work, Organization, Time
System, Workflow, Output, Trend
Which department is responsible for hiring employees?
Finance
Marketing
Human Resources
Operations
What is ‘branding’?
Selling products at a discount
Creating a unique identity for a product or company
Managing finances
Hiring employees
What does B2B stand for?
Business to Buyer
Business to Business
Brand to Brand
Buyer to Business
Which factor is considered a fixed cost?
Raw materials
Electricity usage
Rent
Sales commission
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