Foods2 4.01

Question 1

Who are the people most likely to buy a specific product or service?

Accepted Answer

Target customers

Question 2

Which is a major advantage to buying a franchise?

Accepted Answer

Management training and technical assistance provided

Question 3

Jessica asked many questions and conducts reserach when trying to solve problems a her business

Accepted Answer

Target customers

Question 4

Who are the people to whom a bussiness plans to sell its products?

Accepted Answer

Target consumer

Question 5

Why is sole proprietorship the most common form of business ownership?

Accepted Answer

The government assumes little control over sole proprietor-

Question 6

The Cooper Company decided to sell stock to raise capital. What form of business is the company

Accepted Answer

Corporation

Question 7

A term can be defined as the concption, pricing, promotion, and distribution of product & servi

Accepted Answer

Marketing

Question 8

There are no coffee shops on Hatteras Insland. Mike thinks that a coffee/bagel shop would be..

Accepted Answer

Opportunity.

Question 9

What are marketing objectives?

Accepted Answer

Goals

Question 10

The major factors contributing to the sucess of a small business,- affected by working capital?

Accepted Answer

Financing

Question 11

The inability to interpret financial records demonstrates a lack of:

Accepted Answer

Competence of the entrepreneur.

Question 12

Before offering a service or product for sale, determine that there is:

Accepted Answer

a demand for the product.

Questions 12