Shark Tank Terms 2

Vocabulary Quiz

Name ______

Word Bank:

  1. _____High End
  2. _____Price Point
  3. _____Retail Price
  4. _____Margin
  5. _____Test Run
  6. _____Ingenuity
  7. _____Patent
  8. _____Partner
  9. _____“Bait & Switch”
  10. _____“Space”
  11. _____Franchise
  12. _____“Winning Formula”

  1. When a company tries to sell a limited number of a products to see if the consumers will like to buy the product more often or on a larger scale.
  2. When a corporation or other company sells the rights to use the company’s name and products to another entrepreneur
  3. When a company tries out a strategy that works well and results in sales, profit, and happy customers
  4. For many products, there are a variety of different models. Some are very expensive, some are very inexpensive, and some are in the middle price range. This term refers to the more expensive version of the product.
  5. When a entrepreneur finds a unique or creative way to do something, they are said to have this trait
  6. The amount of money a consumer pays to buy a product
  7. The difference between the cost of the product to the store and the amount a consumer pays to buy the product.
  8. A protection offered to a entrepreneur for an invention that makes it illegal for anyone else to build and sell the same invention
  9. A business or individual who works with an entrepreneur to make something happen. It could be a new product or a joint marketing venture.
  10. As the price of a product goes up, it causes a drop in the cost of the product per item to the entrepreneur
  11. The image a business has in the mind of the consumer creates the ______the business has in the market place. For example, Walmart is the low price store for almost everything.
  12. When store advertises a product with the intention of substituting something of lesser quality or value when the consumer shops at the store.

Shark Tank Terms 3

Vocabulary Quiz

Name ______

Word Bank:

  1. _____Product Fulfillment
  2. _____Valuation
  3. _____Reorder
  4. _____Gimmick
  5. _____Lucrative
  6. _____Line of Goods
  7. _____Purchase Order (P O)
  8. _____Distribution
  9. _____ Launch
  10. _____ Guerrilla Marketing
  11. _____Commission
  12. _____Exclusive Deal (Rights)

  1. What an existing customer does when they want more of a product they ordered before
  2. When a company kicks off a marketing and distribution effort for a new product
  3. What a company has when no other companies can sell a product in a specific geographic area
  4. The form used to request that merchandise be sent to your company
  5. A group of similar or related products
  6. When a company gets the product that another company ordered delivered to them
  7. All the different ways that a company uses to get its merchandise to its customers (not product fulfillment).
  8. What a salesperson receives for selling a product, usually a percentage of the selling price.
  9. A deal that a company makes that is very profitable
  10. A unique and/or creative way of doing something that gets the customer’s attention
  11. Determining the dollar value of something, in the case of Shark Tank, the value of a business
  12. Creative and low cost ways of advertising or promoting a company, a product, or company.

Shark Tank Terms 3

Vocabulary Quiz

Name ______KEY______

Word Bank:

  1. __6___Product Fulfillment
  2. __11__Valuation
  3. __1___Reorder
  4. __10__Gimmick
  5. __9___Lucrative
  6. __5___Line of Goods
  7. __4___Purchase Order (P O)
  8. __7___Distribution
  9. __2___ Launch
  10. __12__ Guerrilla Marketing
  11. __8___Commission
  12. __3___Exclusive Deal (Rights)

  1. What an existing customer does when they want more of a product they ordered before
  2. When a company kicks off a marketing and distribution effort for a new product
  3. What a company has when no other companies can sell a product in a specific geographic area
  4. The form used to request that merchandise be sent to your company
  5. A group of similar or related products
  6. When a company gets the product that another company ordered delivered to them
  7. All the different ways that a company uses to get its merchandise to its customers (not product fulfillment).
  8. What a salesperson receives for selling a product, usually a percentage of the selling price.
  9. A deal that a company makes that is very profitable
  10. A unique and/or creative way of doing something that gets the customer’s attention
  11. Determining the dollar value of something, in the case of Shark Tank, the value of a business
  12. Creative and low cost ways of advertising or promoting a company, a product, or company.

Shark Tank Terms 4

  1. Referrals
  2. Marketing Tool
  3. VIP
  4. Financial Depth
  5. E – Commerce Platform
  6. Publicity
  7. Sales Professional
  8. Decision Maker
  9. Corporate Events
  10. Venue
  11. Trade Show
  12. Enhancement

Shark Tank Terms 4

Referrals When an existing Customer recommends to a friend or neighbor that they shop at your business.

Marketing ToolA device you can use to promote your product or service.

VIPVery Important Person (to your business). Someone you depend on.

Financial DepthHow much backing the investors are giving the entrepreneur. Is it enough to survive?

E – Commerce Platform – A website for your business

PublicityFree advertising given your company by others. Word of mouth for example or a newspaper article

Sales ProfessionalAn individual who makes his living by selling goods and services

Decision MakerThe person in a company or family who has the authority to make financial or economic choices.

Corporate EventsSocial events used to attract and build relationships with existing or prospective customers.

VenueThe physical place where events happen. It could be a stadium, store, hospitality tent, etc.

Trade ShowAn organized event where suppliers of products and services gather (venue) to share information or make sales. (A local college night is a type of trade show).

EnhancementSomething added to a product, service, or deal to make it better (or worth more).

Shark Tank Terms 4

Vocabulary Quiz

Name ______

Word Bank:

  1. _____VIP
  2. _____Sales Professional
  3. _____Referrals
  4. _____Decision Maker
  5. _____Venue
  6. _____E – Commerce Platform
  7. _____Publicity
  8. _____Trade Show
  9. _____Marketing Tool
  10. _____Corporate Events
  11. _____Enhancement
  12. _____Financial Depth

  1. When an existing Customer recommends to a friend or neighbor that they shop at your business.
  2. How much backing the investors are giving the entrepreneur. Is it enough to survive?
  3. Free advertising given your company by others. Word of mouth for example or a newspaper article
  4. An organized event where suppliers of products and services gather (venue) to share information or make sales. (A local college night is an example of this).
  5. A device you can use to promote your product or service.
  6. The person in a company or family who has the authority to make financial or economic choices.
  7. Very Important Person (to your business).
  8. A website for your business
  9. The physical place where events happen. It could be a stadium, store, hospitality tent, etc.
  10. An individual who makes his living by selling goods and services
  11. Social events used to attract and build relationships with existing or prospective customers.
  12. Something added to a product, service, or deal to make it better (or worth more).

Shark Tank Terms 4

Vocabulary Quiz

Name ______KEY______

Word Bank:

  1. __7___VIP
  2. __10__Sales Professional
  3. __1___Referrals
  4. __6___Decision Maker
  5. __9___Venue
  6. __8___E – Commerce Platform
  7. __3___Publicity
  8. __4___Trade Show
  9. __5___Marketing Tool
  10. __11__Corporate Events
  11. __12__Enhancement
  12. __2___Financial Depth

  1. When an existing Customer recommends to a friend or neighbor that they shop at your business.
  2. How much backing the investors are giving the entrepreneur. Is it enough to survive?
  3. Free advertising given your company by others. Word of mouth for example or a newspaper article
  4. An organized event where suppliers of products and services gather (venue) to share information or make sales. (A local college night is an example of this).
  5. A device you can use to promote your product or service.
  6. The person in a company or family who has the authority to make financial or economic choices.
  7. Very Important Person (to your business).
  8. A website for your business
  9. The physical place where events happen. It could be a stadium, store, hospitality tent, etc.
  10. An individual who makes his living by selling goods and services
  11. Social events used to attract and build relationships with existing or prospective customers.
  12. Something added to a product, service, or deal to make it better (or worth more).

Shark Tank Terms 5

  1. Retail Chain
  2. Infomercial
  3. Red Flag
  4. Ambient Marketing
  5. Tailor
  6. Packaging
  7. Pre-Venture
  8. Impulse Product
  9. Optimization
  10. Iteration
  11. Seasonal Business
  12. Due Diligence

Shark Tank Terms 5

  1. Retail Chain- A consumer-oriented business that has multiple outlets
  1. Infomercial- A longer version of an advertisement offering more detail and some entertainment
  1. Red Flag – A sign that there might be something wrong (with the business).
  1. Ambient Marketing – Using the most memory inducing sense, smell, to influence buying decisions like popcorn at a movie theater
  1. Tailor – To change the design of a product or service to meet the specific needs of an individual customer.
  1. Packaging – The material used to house the merchandise safely, but to also help promote the product as well.
  1. Pre-Venture – All the steps taken before the launch of a product or company. For example, obtaining financing, prototype development, creating a business plan are examples of pre-venture activities.
  1. Impulse Product – A product bought without much, if any, forethought. There’s no planning done for the purchase
  1. Optimization (Optimizing) – Making something (a product for example) the best it can be
  1. Iteration – Making a change in a product to make it better. For example, the 2nd edition of a textbook is the second iteration.
  1. Seasonal Business – When a company only has a limited amount of time to make money so they have “to strike while the iron is hot.” (old saying)
  1. Due Diligence– What someone does before making a difficult decision meaning doing your homework or research before making a commitment.

Shark Tank Terms 5

Vocabulary Quiz

Name ______

Word Bank:

  1. _____ Retail Chain
  2. _____ Infomercial
  3. _____ Red Flag
  4. _____ Ambient Marketing
  5. _____ Tailor
  6. _____ Packaging
  7. _____ Pre-Venture
  8. _____ Impulse Product
  9. _____ Optimization
  10. _____ Iteration
  11. _____ Seasonal Business
  12. _____ Due Diligence

  1. All the steps taken before the launch of a product or company. For example, obtaining financing, prototype development, creating a business plan are examples of ______activities
  1. Making a change in a product. For example, the 2nd edition of a textbook is the second______. (Not Optimization)
  1. Using the most memory inducing sense, smell, to influence buying decisions like popcorn at a movie theater.
  1. What someone does before making a difficult decision meaning doing your homework or research before making a commitment.
  1. A consumer-oriented business that has multiple outlets.
  1. When a company only has a limited amount of time to make money so they have “to strike while the iron is hot.” (old saying).
  1. A product bought without much, if any, forethought. There’s no planning done for the purchase.
  1. Making something (a product for example) the best it can be. (Not Tailor)
  1. To change the design of a product to meet the specific needs of an individual customer.(Not iteration)
  1. A sign that there might be something wrong (with the business).
  1. A longer version of an advertisement offering more detail and some entertainment.
  1. The material used to house the merchandise safely, but to also help promote the product as well.

Shark Tank Terms 5

Vocabulary Quiz (Key)

Name ______

Word Bank:

  1. __5___ Retail Chain
  2. _11___ Infomercial
  3. _10___ Red Flag
  4. __3___ Ambient Marketing
  5. __9___ Tailor
  6. _12___ Packaging
  7. __1___ Pre-Venture
  8. __7___ Impulse Product
  9. __8___ Optimization
  10. __2___ Iteration
  11. __6___ Seasonal Business
  12. __4___ Due Diligence

  1. All the steps taken before the launch of a product or company. For example, obtaining financing, prototype development, creating a business plan are examples of ______activities
  1. Making a change in a product. For example, the 2nd edition of a textbook is the second ______. (Not Optimization)
  1. Using the most memory inducing sense, smell, to influence buying decisions like popcorn at a movie theater.
  1. What someone does before making a difficult decision meaning doing your homework or research before making a commitment.
  1. A consumer-oriented business that has multiple outlets.
  1. When a company only has a limited amount of time to make money so they have “to strike while the iron is hot.” (old saying).
  1. A product bought without much, if any, forethought. There’s no planning done for the purchase.
  1. Making something (a product for example) the best it can be. (Not Tailor)
  1. To change the design of a product to meet the specific needs of an individual customer. (Not iteration)
  1. A sign that there might be something wrong (with the business).
  1. A longer version of an advertisement offering more detail and some entertainment.
  1. The material used to house the merchandise safely, but to also help promote the product as well.

Lexophilia

"Lexophile" is a word used to describe those who have a love for words, such as "you can tune a piano, but you can't tuna fish", or "to write witha broken pencil is pointless." A competition to see who can come up with the best lexophiles is held every year in an undisclosed location.This year's winning submission is posted at the very end.

.. When fish are in schools, they sometimes take debate.

.. A thief who stole a calendar got twelve months.

.. When the smog lifts in Los Angeles U.C.L.A.

.. The batteries were given out free of charge.

.. A dentist and a manicurist married. They fought tooth and nail.

.. A will is a dead giveaway.

.. With her marriage, she got a new name and a dress.

.. A boiled egg is hard to beat.

.. When you've seen one shopping center you've seen a mall.

.. Police were summoned to a daycare center where a three-year-old was resisting a rest.

.. Did you hear about the fellow whose entire left side was cut off? He's all right now.

.. A bicycle can't stand alone; it's just two tired.

.. When a clock is hungry it goes back four seconds.

.. The guy who fell onto an upholstery machine is now fully recovered.

.. He had a photographic memory which was never developed.

.. When she saw her first strands of grey hair she thought she'd dye.

.. Acupuncture is a jab well done. That's the point of it.

And the cream of the twisted crop:

.. Those who get too big for their pants will be totally exposed in the end.

ALWAYS LAUGH WHEN YOU CAN... IT'S CHEAP MEDICINE.

Shark Tank Terms 6