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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 self...
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Ajouter au panierFlexibility - 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 self...
Acquisition Cost - ANSWER-the cost of obtaining data that you don't have Contingency costs - ANSWER-amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - ANSWER-a cost that rises or falls depending on how much is produced...
Aperçu 1 sur 3 pages
Ajouter au panierAcquisition Cost - ANSWER-the cost of obtaining data that you don't have Contingency costs - ANSWER-amount of money included to cover potential events that are not specifically accounted for in a cost estimate Variable Cost - ANSWER-a cost that rises or falls depending on how much is produced...
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 and...
Aperçu 1 sur 4 pages
Ajouter au panierJames 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 and...
What are the 3 elements required to have a trade secret? 1.Subject to reasonable efforts to maintain its secrecy 2. Others cannot legitimately obtain the information 3. A unique logo or brand names 4.Information has economic value not generally known 5. Original work must be in a tangible form ...
Aperçu 1 sur 2 pages
Ajouter au panierWhat are the 3 elements required to have a trade secret? 1.Subject to reasonable efforts to maintain its secrecy 2. Others cannot legitimately obtain the information 3. A unique logo or brand names 4.Information has economic value not generally known 5. Original work must be in a tangible form ...
Domain 1 Lesson 1 - ANSWER- The key objective of a small business owner is to generate ____ - ANSWER-profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - ANSWER-risks Tangible items that require pick-up or delivery are ____ produ...
Aperçu 2 sur 15 pages
Ajouter au panierDomain 1 Lesson 1 - ANSWER- The key objective of a small business owner is to generate ____ - ANSWER-profits Entrepreneurs are willing to take on new opportunities and unknown ____ to grow their businesses rapidly - ANSWER-risks Tangible items that require pick-up or delivery are ____ produ...
C Corporation - ANSWER-Double taxed, shareholders and corporation, great for international businesses S Corporation - ANSWER-Lower tax, pay on personal income only, like the C corporation but for smaller businesess. LLC - ANSWER-great for individuals with low risks nonprofit organization - ...
Aperçu 1 sur 1 pages
Ajouter au panierC Corporation - ANSWER-Double taxed, shareholders and corporation, great for international businesses S Corporation - ANSWER-Lower tax, pay on personal income only, like the C corporation but for smaller businesess. LLC - ANSWER-great for individuals with low risks nonprofit organization - ...
What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - ANSWER-B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which le...
Aperçu 2 sur 6 pages
Ajouter au panierWhat is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - ANSWER-B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which le...
Entrepreneurship - ANSWER-Setting up business with the aim to make profit. B2B (business-to-business) - ANSWER-Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ANSWER-Sells products and se...
Aperçu 2 sur 6 pages
Ajouter au panierEntrepreneurship - ANSWER-Setting up business with the aim to make profit. B2B (business-to-business) - ANSWER-Sells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ANSWER-Sells products and se...
What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. B2B - ANSWER-Purchases requiring a tax exemption certificate; wholesale flooring distributor B2C - ANSWER-motorcycle repair shop; chain of local grocery stores S - Corporation - ANSWER-offers many of the...
Aperçu 1 sur 2 pages
Ajouter au panierWhat is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. B2B - ANSWER-Purchases requiring a tax exemption certificate; wholesale flooring distributor B2C - ANSWER-motorcycle repair shop; chain of local grocery stores S - Corporation - ANSWER-offers many of the...
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 The d...
Aperçu 2 sur 5 pages
Ajouter au panierT/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 The d...
What is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. A________employee received a set of amount of pay each month without overtime compensation for extra hours worked. - ANSWER-Salary An example of_______compensation is paying field laborers for the amount of...
Aperçu 1 sur 4 pages
Ajouter au panierWhat is entrepreneurship? - ANSWER-Setting up a business with the aim to make a profit. A________employee received a set of amount of pay each month without overtime compensation for extra hours worked. - ANSWER-Salary An example of_______compensation is paying field laborers for the amount of...
what is the key objective of a small business owner is to generate? - ANSWER-Profits Businesses can compensate employees for work they produce when being paid by - ANSWER-piece work Name one benefit of a franchise. - ANSWER-Less risk is evolved Best for international business even with bein...
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Ajouter au panierwhat is the key objective of a small business owner is to generate? - ANSWER-Profits Businesses can compensate employees for work they produce when being paid by - ANSWER-piece work Name one benefit of a franchise. - ANSWER-Less risk is evolved Best for international business even with bein...
Nonprofit - ANSWER-a type of business that has no owner and does not pay Federal US taxes Marketing Plan - ANSWER-a written plan that outlines a company's marketing strategies Angel investor - ANSWER-An investor who provides funding to a business for a stake in the business in return. C Co...
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Ajouter au panierNonprofit - ANSWER-a type of business that has no owner and does not pay Federal US taxes Marketing Plan - ANSWER-a written plan that outlines a company's marketing strategies Angel investor - ANSWER-An investor who provides funding to a business for a stake in the business in return. C Co...
Break Even Formula - ANSWER-To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Driving ...
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Ajouter au panierBreak Even Formula - ANSWER-To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit - Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin. Driving ...
True or False: A sales presentation aims to close a sale - ANSWER-False True or False: Prospecting is following up with customers - ANSWER-False True or False: Overcoming customer objections occurs before the sales presentation - ANSWER-False Which two types of information does an income st...
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Ajouter au panierTrue or False: A sales presentation aims to close a sale - ANSWER-False True or False: Prospecting is following up with customers - ANSWER-False True or False: Overcoming customer objections occurs before the sales presentation - ANSWER-False Which two types of information does an income st...
Entrepreneurship - ANSWERSSetting up business with the aim to make profit. B2B (business-to-business) - ANSWERSSells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ANSWERSSells products and se...
Aperçu 2 sur 6 pages
Ajouter au panierEntrepreneurship - ANSWERSSetting up business with the aim to make profit. B2B (business-to-business) - ANSWERSSells products and services directly to other businesses. Normally requires a sales tax exemption certificate from the buyer. B2C (business-to-consumer) - ANSWERSSells products and se...
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? - ANSWERS$24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and...
Aperçu 1 sur 4 pages
Ajouter au panierJames 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? - ANSWERS$24,800 Shelly owns a car dealership. She just received a shipment of teslas and paid $70,000 for each one and...
T/F Trademark licensing is used for brand names, logos, or slogans - ANSWERSTrue This segment describes the benefits to customers based on their wants or needs and how they use the product - ANSWERSBehavioral T/F Trade secret licensing must be registered with the gov - ANSWERSTrue T/F The d...
Aperçu 2 sur 5 pages
Ajouter au panierT/F Trademark licensing is used for brand names, logos, or slogans - ANSWERSTrue This segment describes the benefits to customers based on their wants or needs and how they use the product - ANSWERSBehavioral T/F Trade secret licensing must be registered with the gov - ANSWERSTrue T/F The d...
Flexibility - ANSWERSAbility to adapt, willingness to change Courage - ANSWERSTakes risks in spite of possible losses Empathy - ANSWERSSensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - ANSWERSCreativity, Determination, Enthusiasm After a self...
Aperçu 2 sur 13 pages
Ajouter au panierFlexibility - ANSWERSAbility to adapt, willingness to change Courage - ANSWERSTakes risks in spite of possible losses Empathy - ANSWERSSensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? - ANSWERSCreativity, Determination, Enthusiasm After a self...
One can expect their sales volume to be ______ when they are in product/market fit. [Elements of the Product/Market Fit Hypothesis] - ANSWERShigh Product/market fit is making a product or ________ that many people want. [Elements of the Product/Market Fit Hypothesis] - ANSWERSservice A busines...
Aperçu 1 sur 2 pages
Ajouter au panierOne can expect their sales volume to be ______ when they are in product/market fit. [Elements of the Product/Market Fit Hypothesis] - ANSWERShigh Product/market fit is making a product or ________ that many people want. [Elements of the Product/Market Fit Hypothesis] - ANSWERSservice A busines...
One can expect their sales volume to be high when they are in ____ fit - ANSWERSproduct/market Product/market fit is making a ____ that many people want - ANSWERSproduct or service A business must provide customers with quality products to maintain customer ____ - ANSWERSsatisfaction A Mini...
Aperçu 2 sur 5 pages
Ajouter au panierOne can expect their sales volume to be high when they are in ____ fit - ANSWERSproduct/market Product/market fit is making a ____ that many people want - ANSWERSproduct or service A business must provide customers with quality products to maintain customer ____ - ANSWERSsatisfaction A Mini...
In general, which characteristics define a "small" business? - ANSWERS- fewer than 1,500 employees - less than $35.5 million revenue classify each of the following as either physical or digital - ANSWERSPHYSICAL: - bakery in your community - hair salon that makes appointments online D...
Aperçu 2 sur 7 pages
Ajouter au panierIn general, which characteristics define a "small" business? - ANSWERS- fewer than 1,500 employees - less than $35.5 million revenue classify each of the following as either physical or digital - ANSWERSPHYSICAL: - bakery in your community - hair salon that makes appointments online D...
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