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Business Entrepreneurship Flashcards | StudBud
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Business Entrepreneurship
Business Entrepreneurship
30 terms
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StudBud Administration
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Vocbaularu
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Capitalism is an economic system based on supply and demand with little or no government control. .
False
True
2
a way to communicate with the public.
Radio
Media
marketing
3
it is a marketing appeal that will persuade people with facts and statistics.
Logos
Pathos
Ethos
4
A service is when someone does something for you, like a hairdresser
False
True
5
is a company that's in the initial stages of business
partnership
franchise
startup
6
advertising in which branded goods and services are featured in a production that targets a large audience.
media
information
product placement
7
an insistent request for something
Supply
Demand
8
make (something needed or wanted) available to people
Demand
Supply
9
LLC stands for
Limited Liability Company
Liability Limit Corporation
Liability Lower Company
Low Liability Company
10
Mixed Economy is an economic system combining private and public enterprise
True
False
11
What type of ecnomy does the United States have?
Free Market
Socialism
Government Run
Communism
12
someone who wants to start a business
Salesman
repairman
entrepreneur
13
is a business whereby the owner licenses its operations, products, branding and knowledge for a franchise fee
Franchise
Sales
Partnership
14
It is a marketing appeal that will offer trust, credibility, honesty, and reliability.
Ethos
Logos
Pathos
15
A sole proprietorship consists of more than 3 owners
False
True
16
A business that has 2 or more owners.
sole proprietorship
franchise
Partnership
Corporation
17
A company that makes a product to sell
manufacturer
merchandise
service
partnership
18
economic system that creates a classless society where major means of production are owned & controlled by government
Communism
Socialism
Capitalism
19
Laissez Faire means there is no goverment interfereing with businesses, "Let people do as they choose
True
False
20
Laissez Faire means without government interfering - “Let people do as they choose”
False
True
21
it is a marketing appeal that will express emotion to the audience.
Ethos
Pathos
Logos
22
something that a company owes
Accounts Receivable
Asset
Liability
23
something that a company owns
accounts payable
Assets
Liability
a loan
24
economic theory - social organization that advocates production, distribution, should be owned/regulated by government
Communism
Capitalism
Socialism
25
in which the owners, or shareholders, are taxed \ separately from the entity.
C corp
Partnership
LLC
S corp
26
an insistent request for something
inquiry
purchase
supply
demand
27
a plan you will follow while running your business - EX it has your idea, strategy, your product and all that.
Marketing
Business Plan
Ownership
Sales
28
a business that has an inventory of products for sale to customers for a profit.
service
merchandiser
manufacturer
Limited Liability Company
29
A supply is something that is made available for people
True
False
30
is the process of getting people interested in your company's product or service
marketing
sales
media
