the contest between companies to win customers.

What is a mission statement?

Despacito 2, A short concise statement of your purpose.

What is a franchiser?

the company that owns the product and grants rights

What is an entrepreneur?

Someone who takes a risk to start a business to earn profit.

What is a franchisee.

the company paying fees to their franchisor

What is a small business?

an independent business with fewer than 500 employees.

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Business Ownership

15 termsStudBud Administration80 plays

By: Adrian, Hari, Varun, Shaunak

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Questions 15

Answers

1
"An invention or creation that is brand new"
Improvision
Innovation
Product
Improvement
2
What is competition?
the contest to win pizza.
the contest to win bitcoin.
the contest between companies to win customers.
the contest to win clout coins.
3
What is a mission statement?
Despacito 2
The goal that must be reached to complete your mission.
A short concise statement of your purpose.
Hari
4
What is a component of a business plan?
Marketing Plan
Action Plan
Budget Plan
Manufacturing Plan
5
What is the name of this unit?
Business Ownership
Small Business Basics
Business & Entrepreneurship
Starting a small buisness
6
What is a disadvantage of owning a small business?
pressure
autonomy
retaining profit
develop your own schedule
7
Venture capital is money provided by shareholders.
False
True
8
What is a franchiser?
the fee required to start a business
the company that owns the product and grants rights
a person who purchases stocks
a dog breed
9
business plan: written description of the business idea and how it will be carried out
True
False
10
An improvement is a designed change that increases the usefulness of a product
True
False
11
What does SBA stand for?
Small Business Administration
Slightly Busy Assets
Slightly Biased Administration
Standard Business Association
12
What is an entrepreneur?
Someone who takes a risk to start a business to earn profit.
Someone who works out.
Someone who has clout coins.
Someone who is homeless.
13
What is a franchisee.
the company paying fees to their franchisor
the company that sells a franchise license
14
A written contract granting permission to operate a business and sell products and services is
fun
family
Loss
franchise
15
What is a small business?
an independent business with fewer than 750 employees.
an independent business with fewer than 600 employees.
an independent business with fewer than 700 employees.
an independent business with fewer than 500 employees.

Business Ownership Flashcards | StudBud