Entrepreneurship Review Ideas in Action Chapters 1-6

An evaluation of your strengths and weaknesses

• brainstorming

• employees

• trade shows

• self-assessment

People who are hired to work for someone else

• employees

• brainstorming

• trade shows

• self-assessment

What is the role of a manufacturer?

• Takes resource from nature
• Buys goods
• Sells goods
• Creates product from raw materials

Which of the following is a service?

• Retailer
• Hairdresser
• Trucking company
• Coal mine

The process of informing the general public about goods and services is called what?

• Marketing
• Product
• Distribution
• Price

Channels of distribution are the routes that products take from the time they are produced to the time they arrive at a retail store.

• True

• False

Intermediaries are used in

• direct channels of distribution

• indirect channels of distribution

• the manufacturer-to-consumer channel option

• all of these

Physical distribution includes all of the following except

• branding

• handling of products

• transportation

• packaging of products

What does SCORE stand for?

• Service Corps Of Retired Executives

• Sacred Cars Of Rusty Eggrolls

• Sad Corn Of Roasty Enzymes

What is a business plan?

• The Gettysburg address

• A written statement of goals and objectives for a business with a strategy to achieve them.

• The Declaration of Independence

• The Terms of Service from YouTube