Entrepreneurship.and.leadership

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According to the small business administration office of advocacy how many new businesses survive for at least two years.

67%

Which Of the following is not an example of primary data

A survey, statistics from a government website, observation of customer behavior

[__]businesses generate fresh produce and other farm products

AGRICULTURAL

The personal financial statement of the owner would be included in the[__]to the business plan

APPENDIX

A talent or inane ability to do or learn something quickly is a(n)[__]

APTITUDE

The[__] is the name symbol or design used to identify product

BRAND

[__] is the goal of a new marketing trend that focuses on understanding customers as individuals instead of us part of a group

CUSTOMER RELATIONSHIP MANAGEMENT

A business plan

Can serve as a tool for managing your business once it is up and running

This resource of management does not belong

Controlling

Which of the Following is not a reason that entrepreneurs need to know who their customers are

Customers have no influence on products or services offered

That is that describe a group of people in terms of age martial status Family size income and similar characteristics are called[__]

DEMOGRAPHICS

A business that makes most of its money selling the same or similar products to the same market as other businesses is[__]competition

DIRECT

[__] or distributions of corporate profits to the shareholders

DIVIDENDS

Which of the following was NOT a provision of the American Recovery and Reinvestment Act of 2009

Decreasing equity capital for high-growth businesses

Pricing that is determined by how much customers are willing to pay for product or service is called

Demand- based pricing

Buying and selling over the Internet is known as

E - commerce

What's the newest have set up a businesses in a(n)[__] zone, an area that suffers from lack of employment opportunities may be eligible for favorable tax treatment based on the number of jobs their business create

ENTERPRISE

A(n)[__] is a short restatement of your business plan

EXECUTIVE SUMMARY

The final step of the problem-solving model is to

Evaluate the action

Price[__] involves offering different levels of prices for specific category of product based on features and quality

LINING

Main reason entrepreneurs set up corporations is because

Liability is limited to the amount of money each shareholder invested in the company

The[__] section of your business plan should describe your products and services and explain how they are different from those already on the market

MARKETING

Owners of a limited liability company are known as[__]

MEMBERS

The marketing[__]is a blending of the product, price, distribution, and promotion used to reach a target market

MIX

Establishing informal ties with people who can help your business grow is called

NetWorking

A possibility that arises from existing conditions is called[__]

OPPORTUNITY

Businesses use many strategies to maintain customer loyalty including

Offering store specific credit cards, sending birthday cards to customers, providing superior service

A business owned by two or more people is[__]

PARTNERSHIP

A marketing[__]is a written report that helps you to find your market, identify your customers and competitors, outline a strategy for attracting keeping customers, and identify and anticipate change

PLAN

Which of the following pricing strategies often is often used when introducing a new product into the market with the goal of developing a strong customer base well discouraging competition

Penetration pricing

During the late summer, Nordstrom's department store offers fall and winter clothes I discounted price for short period of time. After that time, the price of his clothing goes up and is not reduce it again until the end of the season clearance. This is an example of

Promotional pricing

The propose of including supporting documents in the appendix of the business plan is to

Provide additional information

The American recovery and[__]act of 2009 was passed to stimulate the American economy after the 2008 economic slowdown

REINVESTMENT

The U.S[__]is an independent agency of the federal government that was created to help Americans start, build and grow businesses.

SMALL BUSINESS ADMINISTRATION

The largest classification of shopping center is the[__]shopping center

SUPER-REGIONAL

A[__] for questionnaire is a list of questions he would like to ask your customers to find out demographic and psychographic information

SURVEY

A supplier, or[__]is a company that sells products and services to a business

VENDOR

Cost based pricing is determined by using the[__] cost of an item as the basis for the price charge

WHOLESALE

Mistakes to avoid when preparing a business plan include all except

Waisting time on research

A business plan is not intended for...

Your Competition

Which of the following is not one of the main purposes of a business plan

It includes sales goals for at least 10 to 12 years into the future

Organize patio size made up of professionals in a specific industry are called

Trade Associations

A section of land that is zoned for industrial businesses only is called an industrial park

True

According to some estimates, as many as 90% of all businesses, including the vast majority of small and medium size companies are owned by families

True

Employees, customer, and creditor are all stakeholders in an entrepreneur is business

True

Franchise wars often help buyers with marketing, merchandising, and site selection

True

Intellectual property is the original, creative work of an artist or inventor and may include such things as songs, nobles, artistic designs, and inventions

True

Lenders want to know where your business will be located because the location of the business often critical factor to it's success

True

Most people who own their own businesses do so for more than just monetary gain

True

Out of a retail store should have at least 4 feet of tile space to make it easy for customers to move around the store

True

Spreadsheets and databases are used for collecting and analyzing market research data

True

The franchise is an expensive way to get into the business

True

Two disadvantages of collecting primary data are the cost and time involved

True

Purpose of a business plan include the following.

Explains your idea for a product or service, it's that specific object is and describes how they will be achieved, it describes the background and experiences of the people who will run the business

A[__] is a legal agreement that gives an individual the right to market a company's products or services in a particular area

FRANCHISE

'I will learn more about starting my own business" is a good example of a smart goal

False

A patent grants property rights to an investor for 70 years

False

Longer surveys are always better because you can collect more information

False

Opening two or more restaurants in other locations around the city would be an example of a short term goal for the owner of the restaurant

False

Possibilities that arise from existing conditions are called ideas

False

The Board of Directors of a corporation is responsible for the day-to-day management of the corporation

False

The FDA is an organization that exist to help small businesses and their owners

False

The best way for an entrepreneur to make a decision is to Goliath an intuition or "gut feeling"

False

The main body of a business plan includes which of the following

Financial management

And existing business and they have built up I considerable amount of[__], or customer royalty

GOODWILL

A(n)[__] strategy, or existing strategy, is the way in entrepreneur intends to extract his or her money from a business after it is operating successfully

HARVEST

Most Businesses need all of the following types of supplies and equipment except

Heavy machinery

It's question shut off when you were answer in order to identify the target market it

How much money do customer service? How old are my customer? What needs or wants will my products satisfy?

A franchisee

Is dependent on the performance of other franchisees in the chain

The[__] is the person who pays rent to occupy space owned by someone else

TENAN

Organization is made up of professionals in a specific industry are called[__]

TRADE ASSOCIATIONS

A[__]is a name, symbol, or special Mark used to identify a business or brand of product

TRADEMARK

Data on all of the following can be found in secondary data resources except

The number of people who purchase soft drinks at the local pizza parlor


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