Virtual Business Final Review

Question 1

Any general business activity or comerical enterprise that can be isolated from others

Accepted Answer

Industry

Question 2

One must determine the time required to complete a customer order from order receipt to deliver

Accepted Answer

Distribution

Question 3

A moral code of conduct that establishes right and wrong for a group of people is

Accepted Answer

Ethics

Question 4

What is a type of business entity that is owned and operated by one individual?

Accepted Answer

Sole Proprietorship

Question 5

A good resource to research the outlook of your industry

Accepted Answer

Market Analysis

Question 6

A series of documents that serves as a blueprint for building a business.

Accepted Answer

Business Plan/Model

Question 7

The basic concepts and fundamental principles of right human contact

Accepted Answer

Ethics

Question 8

Other businesses within the same industry that provide similar products/services

Accepted Answer

Competition

Question 9

An organization's private, internal network of computers available only to its employees

Accepted Answer

Intranet

Question 10

This section of the Business Plan should address the 4 P's of Marketing

Accepted Answer

Marketing Plan

Question 11

The acutaly assessment of the target population, competition, and needs for marketing a product

Accepted Answer

U.S. Bureau of Labor Statistics

Question 12

Entrepreneurs are characterized as:

Accepted Answer

independent, creative & persuasive individuals that takerisk

Question 13

A company that does almost all of its business activities through the internet

Accepted Answer

Dot-Com Business

Question 14

A collection fo records that contains a variety of information

Accepted Answer

Database

Question 15

Selling individual products ot individual buyers, usually on cash payment basis; retailing

Accepted Answer

B2C

Question 16

Intangible task people and/ormachines perform

Accepted Answer

Service

Question 17

Generate fresh produce and other farm products

Accepted Answer

Agricultural Business

Question 18

An Employer Identification Number (EIN) is alson known as a Federal Tax ID #, filed with?

Accepted Answer

IRS

Question 19

A Virtual Business can be described as a business that:

Accepted Answer

primarily conducts business electronically & brick business

Question 20

A particular market segment in which a company is focusing/planning to sell its goods

Accepted Answer

Target Market

Question 21

Businesses that sell paroducts in stores, by mail and online

Accepted Answer

Multi-Channel Retailers

Question 22

Regulations that govern that type of use for a property within a community.

Accepted Answer

Zoning Laws

Question 23

Is a repeated phrase or selection of words associated with a specific individual, organization?

Accepted Answer

Tagline

Question 24

A name for a company to be known as and operate as; chosen by a business owner;

Accepted Answer

Assumed Name Certificate

Question 25

An organization or economic system where goods and services are exchanged for one another

Accepted Answer

Business

Question 26

Someone who is a risk-taker; initative by organzing a venture to take benefit of an opportunity

Accepted Answer

Entrepreneur

Question 27

What does the acronym LLC stand for?

Accepted Answer

Limited LIability Company

Question 28

A person or firm that buys goods in bulk from manufacturers, then resells them to retailers

Accepted Answer

Wholesaler

Question 29

Trading between firms, usually large volumes

Accepted Answer

B2B

Question 30

A name, symbol, or other device identifying a product or business, officially registered

Accepted Answer

Trademark

Question 31

A name, symbol, or trademark designed for easy recognition.

Accepted Answer

Logo

Question 32

A person who organizeds, operates, and assumes the risk for a business venture.

Accepted Answer

Entrepreneur

Question 33

Originally, a firm's investment building housing its offices, warehouses, and other facilities

Accepted Answer

Bricks and Mortar Business

Question 34

The exchange of goods and services among individuaals and businesses in multiple countries

Accepted Answer

International Business

Question 35

Something that a business offeres to the market that competitors are not offering

Accepted Answer

Competitive Advantage

Virtual Business Final Review

Questions 35

Virtual Business Final Review

Questions 35