ESB Almost Final Prep

If you start your own small business, you will usually have lower start-up costs than if you opened a franchise

• True

• False

If you own a franchise, you can purchase any items you believe will help your business innovate without having to ask for permission.

• True

• False

A non-profit organization is taxed

• True

• False

An S-corporation should be used for an international company with over 300 shareholders

• True

• False

A sole proprietorship does NOT protect the owner from any personal liability

• True

• False

You are thinking about buying a bakery that is in on Zaragoza. Which of the following is NOT a factor you should consider to determine if the business is viable?

• Revenue and Costs

• Market Size

• Store Layout

• Current Inventory

Which of the following is NOT a being of doing business on Amazon?

• Access to Amazon's customer base

• Access to Amazon's market knowledge

• Access to Amazon's technology

Based on the following information, what is your monthly operating budget?

• $5625

• $6500

• $8425

• $7425

You go to a focuse group to get their reactions on what they think of your new drink. What stage of the development process are you in?

• Idea Generation

• Concept Development

• Product Development

• Market Strategy Creation

Affiliate sales programs offer commissions to companies who sell their products.

• True

• False