Small Business & Entrepreneurship Review 1

Employees most affected by minimum wage laws are compensated _________.

What is the first stage in the business life cycle? (Success, survival of the fittest, maturity, takeoff, existence)

What is an example of Primary marketing research? (Sellect all that apply)

Components of a Business Plan (Check all that apply)

Which 3 elements are required to have a Trade Secret?

What are two offline marketing platforms?

What is the 5th stage in the business life cycle? (Success, survival of the fittest, maturity, takeoff, existence)

What is Entrepreneurship?

A landscaping business has noticed that none of his competitors are offering water features. What should he do first?

A ________ employee receives a set amount of pay each month without overtime compensation for extra hours worked.

Which 3 are segments in a Marketing Plan?

Successful entrepreneurs have mindsets that typically possess which characteristics? Select all that apply

What is the 4th stage in the business life cycle? (Success, survival of the fittest, maturity, takeoff, existence)

Who owns equity in the business? Sellect all that apply

Which Sales Channel has been opened to manufacturers because of digital tools?

Which is one of the greatest benefits of being an entrepreneur?

What is an Indirect Competition? (Sellect all that apply)

Which should be included when calculating start-up costs for a business?

An example of _______ compensation is paying field laborers for the amount of fruit they pick.

Components of a Pitch Deck (Check all that apply)

What is a Target Market?

You operate a small insurance office with a partner. Which expense is a fixed cost?

Which two documents summarize the business plan of a company?

What is the 2nd stage in the business life cycle? (Success, survival of the fittest, maturity, takeoff, existence)

Which two are benefits of equity funding?

What are examples of B2B?

What is the 3rd stage in the business life cycle? (Success, survival of the fittest, maturity, takeoff, existence)

You need to create a legal structure for your small business with big corp benefits but do not want to be taxed twice

A business acquired 100 new customers. Costs were $1000 in Marketing. What was the customer acquisition cost?