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Business Entrepreneurship Flashcards | StudBud
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Business Entrepreneurship
Business Entrepreneurship
30 terms
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Vocbaularu
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
an insistent request for something
Supply
Demand
2
A supply is something that is made available for people
True
False
3
economic theory - social organization that advocates production, distribution, should be owned/regulated by government
Capitalism
Communism
Socialism
4
someone who wants to start a business
entrepreneur
repairman
Salesman
5
something that a company owes
Asset
Liability
Accounts Receivable
6
something that a company owns
accounts payable
Assets
a loan
Liability
7
A business that has 2 or more owners.
sole proprietorship
Corporation
Partnership
franchise
8
an insistent request for something
inquiry
purchase
supply
demand
9
advertising in which branded goods and services are featured in a production that targets a large audience.
media
information
product placement
10
A company that makes a product to sell
merchandise
manufacturer
partnership
service
11
a business that has an inventory of products for sale to customers for a profit.
merchandiser
service
Limited Liability Company
manufacturer
12
is a company that's in the initial stages of business
partnership
franchise
startup
13
Laissez Faire means there is no goverment interfereing with businesses, "Let people do as they choose
True
False
14
a plan you will follow while running your business - EX it has your idea, strategy, your product and all that.
Ownership
Sales
Marketing
Business Plan
15
a way to communicate with the public.
Media
marketing
Radio
16
What type of ecnomy does the United States have?
Communism
Socialism
Government Run
Free Market
17
is a business whereby the owner licenses its operations, products, branding and knowledge for a franchise fee
Sales
Franchise
Partnership
18
make (something needed or wanted) available to people
Demand
Supply
19
Laissez Faire means without government interfering - “Let people do as they choose”
False
True
20
it is a marketing appeal that will express emotion to the audience.
Ethos
Logos
Pathos
21
A service is when someone does something for you, like a hairdresser
False
True
22
Capitalism is an economic system based on supply and demand with little or no government control. .
True
False
23
A sole proprietorship consists of more than 3 owners
False
True
24
Mixed Economy is an economic system combining private and public enterprise
True
False
25
in which the owners, or shareholders, are taxed \ separately from the entity.
LLC
S corp
C corp
Partnership
26
is the process of getting people interested in your company's product or service
marketing
sales
media
27
it is a marketing appeal that will persuade people with facts and statistics.
Logos
Ethos
Pathos
28
economic system that creates a classless society where major means of production are owned & controlled by government
Communism
Socialism
Capitalism
29
It is a marketing appeal that will offer trust, credibility, honesty, and reliability.
Logos
Ethos
Pathos
30
LLC stands for
Limited Liability Company
Low Liability Company
Liability Limit Corporation
Liability Lower Company