Questions and Answers
Who is the entrepreneur who bought Starbucks and made it into the company that it is today?
Who is the entrepreneur who bought McDonald's from the McDonald brothers?
Ray Kroc
Who is the founder of eBay?
Pierre Omidyar
Who is the founder of Chick-fil-A?
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Who is the founder of Wal-Mart and Sam's Club?
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Who is the founder of Amazon.com?
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In which city are both Starbucks and Amazon.com headquartered?
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In which state is Wal-Mart headquartered?
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Who is the founder and CEO of 1800 GOT JUNK?
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What type of thinking is described as logical, structured, and 'black and white'?
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What type of thinking is characterized as creative, imaginative, and 'grey'?
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What is the amount of money a company actually makes after subtracting expenses?
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What word describes a unique and individual characteristic?
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What does it mean to separate or make different?
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What type of decision making is based on hunches?
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What type of decision making is based on factual information and logical reasoning?
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Study Notes
Entrepreneurs and Founders
- Howard Schultz transformed Starbucks into a global brand.
- Ray Kroc acquired McDonald's and established it as a widespread franchise model.
- Pierre Omidyar founded eBay, pioneering online auctions.
- S. Truett Cathy launched Chick-fil-A, known for its chicken sandwiches.
- Sam Walton created Wal-Mart and Sam’s Club, leading in retail market share.
- Jeff Bezos established Amazon.com, revolutionizing online shopping.
Corporate Information
- Seattle serves as the headquarters for both Starbucks and Amazon.com.
- Wal-Mart's corporate headquarters are located in Arkansas.
Business Concepts
- Brian Scudamore is the founder and CEO of the junk removal service 1800 GOT JUNK.
- Convergent thinking focuses on logical and structured problem-solving.
- Divergent thinking emphasizes creativity and exploring multiple solutions.
- Net income is calculated by subtracting expenses from total revenue, indicating profitability.
- Distinctive characteristics are unique traits that set a business or brand apart.
- Differentiation refers to the process of distinguishing a product or service from competitors.
Decision-Making Styles
- Intuitive decision-making relies on gut feelings and instincts.
- Rational decision-making is based on data, facts, and methodical reasoning.
Studying That Suits You
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Description
Test your knowledge on key entrepreneurs featured in the 'Who Owns the Ice House?' lesson. This flashcard set covers prominent figures like Howard Schultz, Ray Kroc, and others who have made significant impacts on their respective industries. Perfect for reviewing and reinforcing your understanding of entrepreneurship.
