Business Review

Question 1

The person who sells the right to use a business idea in a particular location is known as

Accepted Answer

Franchisor

Question 2

Satisfied customers lead to what?

Accepted Answer

Recommendations, Repeat purchases, Revenue

Question 3

Price multiplied by quantity equals what?

Accepted Answer

Revenue

Question 4

Revenue minus expenses equals what?

Accepted Answer

Profit

Question 5

A business that is owned and controlled by one person - although they may employ workers.

Accepted Answer

Sole trader

Question 6

A small independent retailer, that does not sell their shares on the stock is a

Accepted Answer

Private limited company

Question 7

The movement of cash into and outof a business over a period of time is called....

Accepted Answer

Cash flow

Question 8

Have you completed and submitted Assignment 1

Accepted Answer

Yes

Question 9

The person who buys the right to copy a business format is known as

Accepted Answer

Franchisee

Question 10

Usually a large, well-known business who's shares trade on the stock exchange is a

Accepted Answer

Public limited company

Question 11

Which type of business usually provides a specialist service eg. personal trainer

Accepted Answer

Sole trader

Question 12

A Business owned by two or more people is a

Accepted Answer

Partnership

Question 13

Buying into an existing business and acquiring the right to use an this idea is a

Accepted Answer

Franchise

Question 14

Internal, external and franchise are all examples of what?

Accepted Answer

Growth

Questions 14