Exam 2: Entrepreneurship

"To preserve and improve human life" best illustrates a _____.

Because Green Thumb Landscapers buys goods from other firms and sells them to consumers, the company is a retailer.

The monthly fee that a franchisee must pay to keep the company's trade name is called a(n) _____.

Which of the following is not a reason that prevents some people from starting a business?

Donna Graves has just completed research to determine the types of advertising to use in her proposed business.She will discuss advertising under the _____ heading in the "Marketing"

Which of the following is among the disadvantages of small business ownership?

Owners of small businesses are responsible for much of the _____ of U.S.business.

Small businesses do all of the following except ________

_____ companies provide valuable services to _____ companies by acting as sales agents for their products.

Under the Small Business Administration's SCORE program, retired executives help business people who need advice.

The "Management Plan"

The final step in the process of starting a business is _____.

Which of the following is the most important question you need to ask yourself when you're thinking about starting a business?

Under the Small Business Administration's _____ program, a businessperson needing advice is matched with a team of retired executives who work on a volunteer basis.

The Small Business Administration defines a small business as one that is _____.

If he bought a local combination miniature golf course and driving range, Bernard Blanco would find that buying an existing business is an easier option than starting from scratch.

Which of the following business options makes it easiest for the owner to predict future business success?

Explain the benefits of obtaining a franchise.

Among small businesses, the service-producing sector is larger than the goods-producing sector.