Digital Design 3 MIDTERM REVIEW

Front

"Super Cuts" (Haircutting salon) is an example of which business type?

Back

Service business

Front

The General Mills plant in Buffalo, NY where cereal is made is an example of a: Manufacturing business, Retail business, Wholesale business, Service business

Back

Manufacturing business

Front

When performing a self-assessment, which of the following are NOT evaluated? Strengths, Weaknesses, Interests, None of the above – ALL are evaluated

Back

None of the above – ALL are evaluated

Front

Where can ideas for entrepreneurs originate?

Back

Hobbies and interests, Personal experiences, Discovery or Experimentation

Front

An entrepreneur who pays monthly rent for their building or office is paying what type of cost?

Back

Fixed

Front

"A new iPhone is an example of a (an):"

Back

Economic Want

Front

A business plan is NOT intended for which of the following to read? Potential Investors, Your Competition, Your Bank, Any of the 3 choices listed above

Back

Your Competition

Front

Writing a business plan: Mark only one oval.

Back

requires patience, research and thought

Front

Which of the following is a good strategy for maintaining customer loyalty? Mark only one oval.
keeping standard business hours,
offering and having superior service,
having strict return policies,
none of the above

Back

offering and having superior service

Front

Which of the following is NOT a good way to get customer feedback? Mark only one oval.
- check with your competition
- have the customers complete a survey
- call the customers after a purchase
- use a customer feedback box

Back

check with your competition