Virtual Business Final 2021

What is an entrepreneur?

• A person who has a job

• A person who owns their own business

• A person who works for a manager

• None of the above

The advantages of being an entrepreneur are:

• Being fully responsible

• Setting your own schedule

• Being Creative

• Both B and C

What are the advantages of being a franchise?

• Costs lots of money

• Having a set consistency and customers

• Cut down on profits

• Being dependent on other franchises performances

Global business sells its products to other countries.

• True

• False

What is branding?

• Marking cattle

• Adding a marking/symbol to your company

• Making the symbol bigger

• Adding more clients

Which one is not a franchise?

• Pizza Hut

• Wendy's

• Taco Joint

• McDonald's

The risk of owning your own business are all except?

• Working long hours

• Uncertain income

• Risking your investment

• Being your own boss

Small Business Administration is a private owned company to assist entrepreneur

• True

• False

A domestic company sells it's product to other companies in the same country it resides in

• True

• False

What is a mission statement?

• A statement of what the business aspires to be

• Is a statement of their business plan

• Their number one goal for the year

• Is the reason that they started their business