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Flexibility - Answer- Ability to adapt, willingness to change Courage - Answer- Takes risks in spite of possible losses Empathy - Answer- Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - Answer- Creativity, Determination, Enthusiasm After a ...

T/F Trademark licensing is used for brand names, logos, or slogans - Answer- True This segment describes the benefits to customers based on their wants or needs and how they use the product - Answer- Behavioral T/F Trade secret licensing must be registered with the gov - Answer- True T/F Th...

After doing a self-assessment, Peter realizes he wants to start a plumbing business, but doesn't want to risk alot of his own money. What would be his best option? - Answer- Purchase an existing business Besides defining strengths and weaknesses, what is the other main factor determined during a...

The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handl...

James owns a restaurant with beginning cash balance of $5,000, $30,000 in sales, $2,000 in utilities, $6,000 in loans and $4,000 in marketing. What is James ending cash balance? - Answer- $24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one an...

In general, which characteristics define a "small" business? - Answer- - fewer than 1,500 employees - less than $35.5 million revenue classify each of the following as either physical or digital - Answer- PHYSICAL: - bakery in your community - hair salon that makes appointments online DIG...

Online Networking - Answer- Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service - Answer- Ophelia discovers her competitor's turnaround time is double her turnaround time. What sh...

A well-conceived business plan benefits which 2 groups the most. - Answer- Investors and Owner A landscape architect wishes to start his own business constructing custom water features. This is his first venture and requires assistance drafting a business plan, securing capital, and receiving ove...

In general, which two characteristics define a "small" business? (Choose two) - Answer- Fewer then 1,500 employees AND Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital. - Answer- Physical: - Bakery in your community - Hair salon t...

Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back h...