Business Review 2

Which three answer options are supply chain members? (3)

Which three roles have equity in a business?

Start-up companies use business plans to inform potential investors

Why would a business owner choose a partner distribution channel? (2)

Fulfillment centers acquire goods from multiple vendors and deliver them to a customer.

Lean canvas component describes how a business idea solves customers'problems in a better way than existing solutions?

Which part of the SWOT analysis would be "lack of expertise in some areas"

What are two disadvantages of debt financing?

Which part of the SWOT analysis would be considered "Improving Economy."

You want to sell t-shirts. Which 2 factors should you consider in deciding if your idea is a good bus opportunity?

Which are the characteristics of an entrepreneurship mindset?

Which answer option is the correct category for website maintenance?

This segment describes where customers are located and how they can be reached

Which two factors affect a company's choice of distribution channels?

What is the main advantage of direct distribution over fulfillment services?

Using licensed materials involves paying fees according to the licensing agreement

Why should a toy company choose a fulfillment center for product distribution instead of a direct distribution channel?

What is the primary difference between wholesale and retail sales channels

Corporations can raise capital by selling stock

What is the first step in forming a product/market fit hypothesis?

A viable business opportunity must have the potential to be profitable.

which 3 are potential drawbacks of being an entrepreneur?

A viable business opportunity must have investors.

A pitch deck is a short presentation

The company that develops the product will provide all warranties and support of the product

Which part of the SWOT analysis would be "low overhead costs?"

Which would represent an opportunity for your business in a SWOT analysis?

A variable cost is eventually paid off over time.

Wholesalers are part of a direct distribution channel.

Which three steps are part of the sales process?

Using license materials involves paying fees according to the licensing agreement.

Fulfillment centers are part of a direct distribution channel.

You need to create a legal structure. You don't plan on issuing stocks and need to protect your personal assets.

A key source to start-up capital for entrepreneurs that comes mostly from their own personal savings.

What are the qualities of an entrepreneurial mindset?

Overcoming customer objections comes before the sales presentation

business plans are written documents outlining a companyś objectives

Which two answers about customer retention spending are true?

Using licensed material gives your company continued access to the experience and knowledge of who develops the product

You want to buy a gift shop in a popular location. Which 3 factors helps determine if the business is viable?

The franchisor develops the business model, brand, products, operating systems and quality control standards

Which part of the SWOT analysis would be considered "rising cost of product parts"?

You manufacturer race cars. How should you determine performance criteria for your product?

You are trying to minimize start-up costs for your company. Which would be the most inexpensive marketing method?

Your bakery is reviewing its current costs to aid in budgeting for next year. Which two costs are fixed?