ESB POP QUIZ DOMAIN 1

What would be B2B?

Business to Business

• wholesale flooring distributor

• motorcycle repair shop

• Franchise restaurant

• chain of local grocery shops

 

A corporation, partnership, or sole proprietorship that is privately owned by one individual or a small group of people. They commonly have fewer employees and revenue than larger-sized businesses.

• Small Business

• Entrepreneur

• Franchise

A business that takes its name and characteristics from an existing business chain.

In general, what defines a small business?

• non-profit

• less than 1500 employees

• no more than $200,000 in sales

• Opening a single McDonald's store

What would be B2C?

Business to Consumer

• wholesale flooring distributor

• motorcycle repair shop

• Plumbing contractor

• 7/11 Cups distributor

Successful entrepreneurs have mindsets that typically possess what characteristics?

• tenacious, responsible, adaptable

• Nervous, shy, non talkative

• Flexible, confident, negative

• Stubborn, communicative, authrotative

Which one is the greatest benefits of being an entrepreneur?

• quick return on investment

• paying less on taxes

• meeting new people

• schedule control

Which one of these is a characteristic of a successful entrepreneur mindset?

• doesn't give up easily

• makes friends quickly

• likes to argue

• lives in a dreamworld

What is the greatest risk of being an entrepreneur?

• loss of experience

• damage to reputation

• financial instability

• no control over schedule

What is the main difference between small business owners and entrepreneurs?

• entrepreneurs are focused on generating profits.

• Small business owners are not always interested in taking on new business opportunities

• small business owners are more willing to take on unknown risks