Bus_Dip_Vocab _quiz 2

What Is a Competitive Advantage?

• factors that allow a company to produce goods or services better than its rivals.

• factors that allow a company to move to a new location

• factors that allow a company to produce goods or services worse than its rivals.

• factors that allow a company to move to shut down

Who is a franchisor?

• an individual or company that sells or grants a contract

• an individual or company that sells or grants a brand

• an individual or company that sells or grants a franchise

• an individual or company that buys or grants a franchise

What is a franchisee?

• an individual or company that sells or grants a franchise

• an individual or company that buys or grants a franchise

• an individual or company that buys or grants a store

• an investor

Which of the following is the action of buying and selling goods and services?

• trade

• transaction

• transfer

• exchange

What is a rule that a government entity imposes on an organization?

• Regulation

• policies

• transfers

• steps

Regard highly; think much of

• Mannerisms

• Creativity

• Respect

• Commitment

Being able to evaluate arguments and information quickly, solve problems creatively and identify mistakes with efficiency

• management

• problem solving

  stress

• critical thinking

• ethical behaviors

Style of speaking or behaving

• leadership

• mannerisms

• commitment

• integrity

Ability to plan and execute control over the amount of time spent on specific activities to effectively accomplish goals in a timely manner

• time management

• resourcefulness

• employability

• stress management

Values or standards which direct the way individuals interact with others

• critical thinking

• ethical behaviors

• stress management

• healthy competition