Business plan pitch deck Study guides, Class notes & Summaries

What is Entrepreneurship? - Setting up a business with the aim to make a profit. You need to create a legal structure for your small business. You would like some of the benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do not want to be protected from business liabilities. Which legal structure should you set up for your business? - S-Corporation ...

GED Test 740 Questions with Verified Answers "WOW! Mom rides a kayak at noon." How are the underlined words alike? - CORRECT ANSWER They are palindromes Who was the author of Common Sense: Thomas Paine or Thomas Jefferson? - CORRECT ANSWER Thomas Paine What is NOT a real shark: hammerhead, shovelhead, or tigerhead? - CORRECT ANSWER tigerhead What is the force that slows down an object or stops its motion? - CORRECT ANSWER friction Which is greater than 90 degrees: an acute angle o...

Quality _______ is measured by how well the product or service successfully serves its users' purpose. E-commerce sales and door-to-door sales What are two examples of direct distribution channels? Middlemen Indirect distribution channels use _______ to sell their products to the end customers. Idea The first stage of the product/market fit is the ________ stage. prototype The second stage of the product/market fit is the ________ stage. launch The third...

What is Entrepreneurship? Setting up a business with the aim to make a profit. clarify several businesses as either B2B or B2C B2B: •Wholesale flooring distributor •Purchases requiring a tax exemption certificate B2C: •Motorcycle repair shop •Chain of local grocery stores You create a legal structure for your small business. Do you would like some of the benefits of enjoyed by large corporations, but do not want to be taxed twice. You have four partners who will be s...

What is Entrepreneurship? Setting up a business with the aim to make a profit B2B or B2C Wholesale flooring distributer- B2B Purchases requiring a tax exemption certificate- B2B Chain of local grocery stores- B2C Motorcycle repair shop- B2C You would like some benefits enjoyed by large corporations, but do not want to be taxed twice. You have four partners that would be shareholders. None of you plan to sell your ownership to the public, but do want to be protected by business...

What is entrepreneurship? Setting up a business with the aim to make a profit Examples of B2B 1) Wholesale flooring distributor 2) Purchases requiring a tax exemption certificate Examples of B2C 1) Chain of local grocery stores 2) Motorcycle repair shop S-Corps * Offers many of the same benefits as a C Corporation, but better for smaller businesses * 100 shareholders maximum allowed. All must be U.S citizens or residents * Shareholders are not personally responsible ...

What are 2 characteristics that define a "small business"? Fewer than 1,500 employees. Less than $35.5 million in revenue What is the difference between a physical and a digital business? A physical business sells their goods and services on site. A digital business sells their goods and services online. What are the stages of a business life cycle? 1. Existence: Intro finally exists 2. Survival: Focus shifts to money 3. Success: Stable and profitable 4. Take-off: Expansi...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

_______ is measured by how well the product or service successfully serves its users' purpose. Quality What are two examples of direct distribution channels? E-commerce sales and door-to-door sales Indirect distribution channels use _______ to sell their products to the end customers. Middlemen The first stage of the product/market fit is the ________ stage. Idea The second stage of the product/market fit is the ________ stage. prototype The third stage o...

What is entrepreneurship? - Setting up a business with the aim to make a profit. For each business, select B2B or B2C. - B2B Purchases requiring a tax exemption certificate. Wholesale flooring distributor. B2C Motorcycle repair shop. Chain of local grocery stores. Which legal structure should you set up for your business? - S-Corporation For each statement about owners of equity in a business, select true or false. -True Founders own equity. partner owns equity. False All stakeholder...

In general, which two characteristics define a "small" business? - Fewer than 1,500 employees & Less than $35.5 million revenue Classify each of the following businesses as either Physical or Digital - Physical: - Bakery in your community - Hair salon that makes appointments online Digital: - Online store that dropships caming gear - Bookstore on Amazon that sells eBooks You need to create a legal structure for your small business. You have plans for it to grow and hope in the future ...