2.06 Entrepreneurship Review

Material, labor and utilities are examples of ________ costs:

Presents the forecasts for thefuture of the business

Which allows a businessto determine if a product will fulfill its target market's needs: 

Analyze customers, competition, &industry

Produce, caskets, and jeans have low markups.

Product sold to someone before itreaches the customer (wholesaler)

Which is not an example of professional fees?

Strategies on “what” the businessintends to do to meet the goals and objectives

The primary purpose of a feasibility study is toanswer which of the following questions:

Emotional risks that many entrepreneurs face include

A business may take an existing product and alterit to fulfill a specific need for a different 

Nature of business and unique features would be in this part of a business plan:

Which of the following is a characteristic of a well-conducted feasibility study:

Looks at how the business will expand inthe future

Distribution plans (Channels ofDistribution)

One-time start-up costs often include _____________ fees. 

The costs of operating a business are often called __________ expenses. 

Contains the details of executingyour strategies

Market opportunity is often affected by 

Costs of sales for a new manufacturing venturetypically include

In order for a business to have a profit,its operating costs must be ______ the gross margin. 

 Money from the product sales = costs of making anddistributing product

Variable expenses increase in direct proportionto the increases rate of 

Legal form of the company and employment policies

Howyour company makes its customers aware of its products or services

¨Moneyleft after the cost-of-goods expense is subtracted from total income.

List those working in business & list expertise needed and how you will solve that problem

Video games and automobiles have a low markup

Which of the following statements is true aboutbusiness start-up requirements:

Leases and insurance are examples of __________ costs:

Picture of the product, ad campaigns would be listed here in a business plan:

Which is an example of an administrative cost?

Sue: give up asecure position with a well-known company to start a home-basedbusiness. this is:

The Executive Summary is the first item in a business plan: