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Intro to Business Chapter 5 Flashcards | StudBud

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Which expresses a specific aspiration of a company?

Small businesses employ:

Intro to Business Chapter 5

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Chapter 5 review

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Questions 12

Answers

1
Small businesses employ:
More than 1000 people
More than 500 people
Less than 500 people
Less than 1000 people
2
Which expresses a specific aspiration of a company?
graphic organizer
executive summary
vision statement
mission statement
3
An example of a small business is:
Sixteen Handles
Chilli's
Country Cow
Walmart
4
The industry overview
discusses trends in the market
includes your marketing campaign
provides an analysis of your competition
include the form of the organization
5
How many essential parts are there to a business plan?
10
30
15
5
6
Which of the following provides proof that the new business will be financially healthy?
financial plan
mission statement
marketing plan
growth plan
7
A virtual business is also called
both e-commerce and a dot com company
brick and mortar company
e-commerce
a dot com company
8
How much faster do business who use the internet grow compared to those who do not?
65%
45%
70%
20%
9
The #1 reason people become and Entrepreneur:
less hours
make millions
be their own boss
less work
10
Entrepreneurship is:
is very low risk
not worth it
is the same as being a franchise owner
the process of recognizing business opportunities
11
Which is NOT a characteristic of an Entrepreneur?
Responsible
Follower
Independent
Inquisitive
12
An entrepreneur:
manages
has zero risk
does not recognize business opportunities
is not very successful