A % of the profit which the Franchisee has to give to the Franchiser

Duplicate of Multiple Choice Quiz Business Flashcards

1

Advantage for a country with multinational companies.

More pollution happens
They introduce new goods
They can pay less taxes

2

Disadvantages of a Partnership

Unlimited liability
Complex to set up
Shared expertise

3

What is an Advantage of Primary research ?

Quick access and use
Often quick
Tends to be up to date

4

What is the short form for Unique selling point?

USP
USP;
USP.

5

What are Royalties ?

A % of the profit which the Franchisee has to give to the Franchiser
A % of the profit which the Franchiser has to give to the Franchisee
A % of the profit which the Franchisor has to give to the Franchiser

6

Advantage of becoming a Sole trader

Easy to set up
Unlimited liability
Tax efficiently

7

Why set objectives?

Expand business
Make higher revenue
Motivate workers

8

What is not an barrier to entrepreneurship?

Create a product
Gender bias
Funding

9

What is an Disadvantage of Market oriented research ?

Putting customers priorities at the back of the list
Greater responsiveness to changes in customer needs
Regular changes in the brand may lead to customer confusing

10

An effective Unique selling point should be...

Very low
More than a slogan
High

11

Short form for a Public limited company

PLC
PL
PLT

12

What is a way to do marketing research?

Listen to music
Watch a movie
Spending times with other entrepreneurs

13

What is changing after becoming a Leader?

Less staff
Less revenue
More staff

14

What is a advantage of buying a Franchise ?

All of them
Support from the Franchisor
Access to tried and tested formula for business success
Possibility of a national advertising campaign

15

What’s a difference from subway to other fast food chains ?

Healthier image
Higher quantity supplied
Higher quality supplied

Duplicate of Multiple Choice Quiz Business

Questions 15

Duplicate of Multiple Choice Quiz Business

Questions 15