What is the primary goal of a small business owner to generate? - ANSWER
Profit
When employees are paid on a piece-work basis, businesses can recompense
them for the work they produce.
Name one advantage of a franchise. - ANSWER Less risk has evolved.
Best for foreign business, even if it is double-taxed - ANSWER C corporation
Shared financial support - ANSWER Partnership
Oversees the daily operational and administrative duties. - ANSWER COO
Stakeholders have a vested stake in the company's success.
Non-cash compensation: Equity
What is the first step in the design thinking process? - Respond with empathy.
What stage of the design thinking process produces a problem statement? -
Answer: Define
A lean canvas should be how many pages long? - Answer one.
What factors should be addressed when increasing the number of customers? -
ANSWER Opportunity
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