Exploring Business and Entrepreneurship: 7th Grade

A business with a contract between a parent company to use the name and sell their goods.

What is a disadvantage of Partnership?

Items necessary for existence, such as clothing, food, and shelter is called?

A business where something is done for the consumer is called?

Items that would be nice to have, but are not necessary for survival are called?

Contest between businesses to win customers' business and loyalty is called?

Money that remains after a business has paid for the expenses of running the business?

A business that can earn a profit, but cannot be run for the sole purpose of earning a profit.

A person's incentive to work to gain something for himself or herself (to make money)?

A person who buys goods or services is called?

What is a disadvantage of a Franchise?

A business considered separate from the owners. The owners are stockholders.

What is an advantage of a Franchise?

What is an example of a non profit business?

What is an example of a profit business?

A business owned by two or more people is called

A person who uses goods or services is called?

A business that sell a product and provide a service is called?

A company that does business and has business facilities in many countries is called?

A business where the motive is making a profit is called?

A tangible item that businesses may sell to consumers and other businesses.

A business owned by only one person

Tasks that businesses perform or provide for customers are called?

What is a disadvantage of a Sole Proprietorship?

What is an advantage of a Sole Proprietorship?

What are some advantages of a partnership?

What is a disadvantage of a corporation?

Items businesses sell that can be physically weighed or measured are called?

What is an advantage of a corporation?