1st Entrepreneurship

The formula provided by the franchise does which ofthe following?

Which of the following could beconsidered an acquisition?

Nonfinancial variables to consider in valuationinclude ________.

Which of the following is not a method to determinethe value of a business?

Employees are not a particularly valuable part of anacquisition of buying existing business

The ________ addresses the roles ofthe community, region, nation, and world in a business.

Based on the idea of cost and benefits, which of thefollowing activities is most beneficial?

________ is/are the core values ofan organization in action.

The offer can be defined as whatthe business will sell to customers.

The four factors that form competitive advantage are________.

A break-even analysis expresses when the volume ofsales exactly covers the fixed costs.

The ________ section of the business plan should bewritten last.

Document that thoroughly explains a business idea andhow it will be carried out.

Mission statement can provide direction andmotivation to those who are involved in the business

Products and services in afranchise may not be altered, added, or dropped without ________.

Which of the following is not acost of becoming an entrepreneur?

Business ________ buy and sellbusinesses for a fee, in essence serving as a matchmaker.

Every business idea is an opportunity.

Which of the following is not an economic questionlisted in the text?

A competitive advantage can be based on any of 6 factors.Which is not one of the six?

A retail business sells to _________

Cash flow valuation uses projected future cash flowsand the ________ to arrive at a figure.

What type of business buys in bulk from a manufacturerand sells smaller quantities to a retail?

The text defines profit as ________.

Free market system is also called capitalism andis characterized by the following except

A business plan can help a company________.

Which of the following is not a way to identifybusiness opportunity as discussed in the text?

A retail business buys from ________

Performing due diligence may include

A manufacturing type of businesssells an intangible product to businesses or consumers.

All of the following are a new type of franchisingopportunity except

Group of people or organizations that may beinterested in buying a given product or service

Which of the following is not part of a SWOT analysis?

In franchising... fees are must be paid regardless of :

Friends and family are not viable sources for leads onexisting businesses that might b for sale

The costs of franchises varysignificantly.

Which of the following would be part of aproduct-uniqueness strategy?

Green Entrepreneurship is anotherform of social entrepreneurship.

Assets on the balance sheet expresswhat the business owns.

There is no need for legal representation whenentering into a franchise agreement.

A typical unit of sale for awholesaler would be ________.

Which one is not a type of business?

"Getting the job done" is an example of avalue proposition in the Business Model Canvas.

A(n) ________ is a 15- to 30-second summary of yourbusiness.

Which of the following is not a tangible product?

Making the beliefs, values, and behavioral normsexplicit IN the of an organization.

Which of the following could be consideredopportunity costs?