Entr

Front

What type of law addresses issues that interfere with a firm's right to do business?

Back

Tort

Front

How can you attempt to cancel a contract without facing legal action? Options: Breach the contract and refuse to pay the other party., Bring a lawsuit against the other party., Send a request to the other party asking for cancellation., Cancel the contract within a year of signing it.

Back

Send a request to the other party asking for cancellation.

Front

Which of the following forms of business ownership must obtain a charter from the state(s) in which it operates: Corporation, Partnership, Sole proprietorship, Consolidation?

Back

Corporation

Front

Which of the following is a personal factor that affects the choice of a form of business ownership: Market considerations, Area of the country, Business experience, Economic conditions

Back

Business experience

Front

Which of the following is a condition that must exist for channels to be effective:
Channel members must have varying goals.
They must be properly managed.
They must have at least five members.
Channel members must not share tasks.

Back

They must be properly managed.

Front

Indirect channels of distribution are the only channels that involve

Back

intermediaries.

Front

The Barker Company is determining which channel of distribution to use by considering the number of potential customers in various geographic regions. The company is focusing on

Back

market factors.

Front

What is one of the reasons why a supervisor might prepare a formal business report?

Back

To analyze marketing trends

Front

When a customer sees a news story on TV about a certain company or brand, it's an example of a(n)

Back

touchpoint.

Front

One of the benefits of competition to consumers is that competition encourages

Back

businesses to develop new products.