B.M. MID TERM EXAM

Businesses that primarily use labor to satisfy customer. Example: Stanley Steamer

• Product Based Company

• Service Based Company

• Franchise

• Sole Proprietorship

Businesses that make a product to satisfy customers. Example: Nike Factory

• Product Based Company

• Service Based Company

• Franchise

• Joint Venture

Business owned by 2 or more people

• Joint Venture

• Partnership

• Sole Proprietorship

• Work Team

2 or more businesses that come together to make a product or service

• Work Team

• Partnership

• Joint Venture

• Great Business

Business owned and managed by one person

• Joint Venture

• Franchise

• Partnership

• Sole Proprietorship

Individual or small group can sell a service or product under the company's name

• Franchise

• Sole Proprietorship

• Leading

• Staffing

Money is an intrinsic motivation

• True

• False

Carefully plan for change in business

• True

• False

Maslow's Hierarchy of Needs are Hygiene Factors and Motivators

• True

• False

Set of factors that influences the actions taken by an individual to accomplish a goal

• Staffing

• Leading

• Motivation

• Planning