1.1-1.3 Pop Quiz

McDonald's Quarter Pounder:

• Product

• Service

Telephone company:

• Product

• Service

Tik Tok:

• Product

• Service

College:

• Product

• Service

Ordering a Pizza from Domino's online

• Physical

• Digital

Renting an E-Book from Amazon:

• Physical

• Digital

When you start a small business you must pay a licensing fee to a larger company:

• True

• False

Small Business are concerned with growing as big as possible and making as large of a profit as possible

• True

• False

Entrepreneurs want to take their time as they make their money:

• True

• False

Franchises require the most startup money of the three options:

• True

• False