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Aami Bus 2024 - Final Review Questions And Answers With Verified Solutions 100% Correct!!!
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Aami Bus 2024 - Final Review Questions And Answers With Verified Solutions 100% Correct!!!
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Aami Bus 2024 - Final Review QuestionsAnd Answers With Verified Solutions
100% Correct!!!
Manufacturing Business - ANSWER✔✔A business that makes finished good from
raw materials by hand or machinery.
Merchandising Business - ANSWER✔✔A business that purchases finished goods
for resale.
Consumerism - ANSWER✔✔Emphasis placed on providing to customers the
products and services that are safe, reliable, and honestly advertised.
Patent - ANSWER✔✔The registered right of an inventor to make, use, and sell an
invention.
Trademark - ANSWER✔✔An intangible asset that is a name, sign, or symbol that
the federal government grants exclusive rights to use for a specified period of time.
Replacement Value Approach - ANSWER✔✔The fair market price to purchase
similar products in a similar condition.
Earnings Value Approach - ANSWER✔✔A business valuation approach that
centers on estimating the amount of potential income that may be produced by the
business in the next year.
Market Value Approach - ANSWER✔✔Used in business valuation that
determines value based upon previous sales of similar businesses.
Type A Startup Ideas - ANSWER✔✔Provides customers with a product or service
that is not in their market but exists somewhere else.
Type B Startup Ideas - ANSWER✔✔Use a technically new process that provides
the basis for new product or service ideas.
Type C Startup Ideas - ANSWER✔✔Perform an old function but in a new and
improved way.
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