Entrepreneurship Exam Review

Is Dunkin' Donuts a corporation or a franchise?

A business plan can always be prepared online and utilized as the company's website.

A business that is owned by 2 or more people is called a:

Steve Jobs was known as one of the owners of Apple. Who is the other?

Starbucks is a corporation.

Thoughts or concepts that come from creative thinking are known as ideas.

Other forms of media (newspapers, radio) are actually better at facilitating social interactivity than social media.

There are no disadvantages to purchasing an established business.

A business that has the legal rights of a person but is independent of its owners is called a:

Mrs. DeGraw's new business is growing! Time to move to a bigger space! My landlord asked me to sign a ___ for 2 years.

The #1 benefit for a business (besides making a profit) is:

Great music, bright, inviting lighting and great window displays are all elements of:

A "green" business can be defined as a business that sells/makes environmentally-friendly products.

The best time to visit a business that you are interested to purchase is:

There are 8 steps in Maslow's Hierarchy of Needs.

An entrepreneur can be defined as:

When entering a store, there is a ____ that directs you where you need to go.

You may own whatever you want as long as you operate within the law is a definition of:

The 4Ps of marketing are: Product, Price, Place and People.

If the forecast calls for a cold winter in Florida, I can bet the price of orange juice will be ___ this winter.