Entrepreneurship 1 Unit 3 - Market Planning and Business Law

Marketing strategies are designed and implemented for the overall purpose of which action?

Which is a consideration in the place element of marketing?

A business ownership that combines the benefits of a corporation with a sole proprietorship.

A sole proprietorship is owned by one person who assumes all the _______ from the business.

Identifying market segments helps a business to develop which factors

Which is often included in a situation analysis of marketing plan?

a business that pays commissions on sales to people at two or more levels

A type of corporation which operates to accomplish a specific mission-other than to earn income

An external threat that a company might identify while conducting a situation analysis

Which form of business ownership generates a majority of U.S. sales?

Name the form of business ownership that is considered an artificial being

An important ? to ask to determine the strenghts of a business when conducting a SWOT analysis

_______ allows owners to enjoy the advantages of both corporations and/or sole proprietorship

Business ownership in which the owners share the risk of loss and the chance for profit is a(n)

A potential threat a manager might identify in a SWOT analysis

a business that is owned by two or more people

The purpose of forming partnerships is often to combine capital, experience and _______

Businesses that segment the market based on psychographics are grouping people according to

To be a owner of a corporation, a person purchases shares or stock and becomes a

Which is the primary reason for government to regulate business activities?

Which is an important benefit of a marketing plan?

There are three ways that corporations can grow once they’ve been established.

A type of corporation that must have 100 or fewer shareholders

Janet had to sell her car and vacation condo to pay her business debts. Janet's situtation is

When sellers offer one size fits all products that will appeal to most buyers - which strategy?

Before producing and selling a product, which action should marketers do first

There are 2 types of partnerships

Which is a major advantage of a sole proprietorship?

A business might ask when it wants to evaluate its weakness?

What section of the marketing plan includes information about expected results?

operates to accomplish a specific mission—other than to make a profit

The distributing of recognized goods and services through a legal agreement between 2 parties

Walmart might host a McDonald’s or Subway franchise in its store

Which should be included in the executive summary of a marketing plan?

Corporations are generally established as one of ______ types

Companies have been forced to pay more attention to the specific needs of consumers because of

Tom works as a computer consultant on his own. He handles all aspect of the business himself.

A type of corporation that sells million of shares of stock

Corporations are governed by a(n)