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Franchises and Entrepreneurship Flashcards | StudBud
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Franchises and Entrepreneurship
Franchises and Entrepreneurship
20 terms
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A franchise and entrepreneurship quiz.
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What is the term for a document that describes a new business and a strategy to launch it?
Market Document
Documentation
Business Plan
Business Concept
2
Which of these people were entrepreneurs but aren't anymore?
Jeff Bezos
Steve Jobs
Oprah Winfrey
Bill Gates
3
Most franchises require you have startup capital. True or false.
True
False
4
What is the process of starting, organizing, managing, and taking responsibility of a business?
Owning a business
Investing into a business
Entrepreneurship
Financing a business
5
What is an entrepreneur?
Someone who starts their own company
The owner of a company
Someone who shops at a company
A CEO of a company
6
Which of these is a trait of an entrepreneur?
Tempermental
Young
Creepy
Risk-taking
7
What is the term for finding new creative way to do things?
Business ideas
Outsourcing
Innovation
Creativity
8
What is the term for a set of characteristics or qualities that identifies a type of person?
Model
Demographics
Characteristics
Profile
9
Which of these is one who owns a company and sells rights to the company to others?
Subway
Franchiser
Franchisee
The nation board of franchises
10
Which of these is a person who buys the rights to a company to make their own location?
National board of franchises
Franchisee
Franchiser
Aliens
11
How many questions are on this quiz
15
25
20
30
12
What is the term for something not required for survival but you would like to have?
Need
Good
Want
Service
13
What is the term for the amount of money a person puts into their business as capital
Resources
Funding
Investment
Capital
14
Who was/were the original founder/s of Google?
Larry Page and Sergey Brin
Elon Musk
Bill Gates
Setag Llib
15
When you start a franchise, you have to pay royalty fees. True or false?
True
Fasle
16
What is the term for contracting with other companies for services?
Networking
Outsourcing
Trade
Business Trade
17
Franchises are only limited to the food business. True or false?
False
True
18
You don't have to pay money for ad royalties when franchising. True or false?
False
True
19
Who pays for the building of the franchise location?
The government
The franchiser
Public Services
The franchisee
20
Which one of these is non-franchised?
McDonalds
Subway
Chipotle
Jimmy Johns