Entrepreneurship 1 Unit 3 - Market Planning and Business Law

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

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

There are 2 types of partnerships

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

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

Which is a consideration in the place element of marketing?

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

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

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

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

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

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

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

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

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

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

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

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

a business that is owned by two or more people

Corporations are governed by a(n)

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

Corporations are generally established as one of ______ types

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

A type of corporation that sells million of shares of stock

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

Identifying market segments helps a business to develop which factors

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

A type of corporation that must have 100 or fewer shareholders

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

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

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

Which is an important benefit of a marketing plan?

Which is a major advantage of a sole proprietorship?

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

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

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

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

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