What is an entrepreneur?

A person that takes a risk to organizes and start a business

Money paid to someone for the work they do.

What makes a good advertisement? (Choose the best combination)

Name of product, price, location, attractive.

The following are included in a business plan

A step by step plan for the success of your business.

Money gained after expenses have been paid.

What Makes A Good Company?

Treat employees well., Make quality products or services.

Quality Control is defined as:

Monitoring products so they are acceptable to the consumer.

Attracting public attention to a product or business.

Money a company receives from selling aproduct or service.

Define Expenses in a business.

Acost associated with operating a business

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Free Enterprise

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Questions 14

Answers

1
Which is a Service a business could offer?
Clothes
sports equipment
Lemonade
Haircutting
2
What is an entrepreneur?
A persons first job
A person that takes a risk to organizes and start a business
Someone who makes a lot of money.
3
A market survey is important because ittells you:
Tells you what the customer will buy.
Tells you how much the customer will pay for the product.
All of the above.
How many & what types of people are shoppingat a store.
4
Define Salary
A vegetable
Money paid to someone for the work they do.
How much money you make in your lifetime
Money you get as a bonus at work
5
What makes a good advertisement? (Choose the best combination)
Color, ingredients in product.
Nutritional information,easy to read.
Easy to read, location, why customers should buy it.
Name of product, price, location, attractive.
6
The following are included in a business plan
A step by step plan for the success of your business.
Financial information, production plans, personnel policies.
Goals of the business and how they will be achieved.
7
Define Loss
Expenses exceed the revenues
Attracting public attention to a product or business.
A corporation that creates and sells a product
Money gained after expenses have been paid.
8
Define Profit
Work done by others for others.
Money gained after expenses have been paid.
Money you must be careful not to spend
Money a company receives from selling a product or service.
9
What Makes A Good Company?
Treat employees well.
Try to make there product as cheap as possible
Make quality products or services.
Forget to pay their employees
10
Which is a product a buisness could sell?
Nail Salon
Car washing
Shoes
Insurance
11
Quality Control is defined as:
Controlling the number of pieces produced.
Monitoring products so they are acceptable to the consumer.
Monitoring products so they are acceptable to the workers.
Controlling the cost of the product.
12
Define Advertising
Recognizing a logo
Singing a jingle
Thinking about telling people about a product
Attracting public attention to a product or business.
13
Define Revenue
Expenses exceed the revenues.
Money a company receives from selling aproduct or service.
a person who organizes and manages a business
Revenue – Expenses = Profit or Loss
14
Define Expenses in a business.
oMoney paid to someone for the work theydo.
oMoney a company receives from selling aproduct or service.
Acost associated with operating a business
oWork done by others for others.

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