E101/Test #1

A creative problem-solving technique that involves generating a large number of fresh ideas.

• ideas
• brainstorming
• self-assessment
• taking action

Special meetings at which companies of the same industry or related industries display their products.

• trade shows
• seminars
• vacations
• clubs

Which one of these is NOT a type of service business?

• athletic trainer
• house cleaning
• house painters
• coffee shop

Which type of business is the plant where Toyota-Mazda makes the CX-50 vehicle?

• manufacturing
• service
• retail
• wholesaling

United Natural Foods, Inc. is a main supplier of food products for the grocery store, Whole Foods Market. This means it is what type of business?

• manufacturing
• service
• retailer
• wholesaling

"I want to make all A's on my report card this semester." - Is this a good example of a S.M.A.R.T goal?

• yes
• no

According to the Small Business Administration’s Office of Advocacy, how many new businesses survive for at least ten years?

• one-half
• one-third
• 50 %
• three-fourths

Self-assessment

• evaluation of your strengths and weaknesses
• 44% of new businesses do this
• factor that contributes to business success.
• people who work for someone else.

Service Businesses

• Employs more workers than all of large corporations combined in US.
• Sell products directly to consumers.
• Sell products to other businesses rather than the final consumer.
• Sell services rather than products such as hairdressers and repair shops.

Retail Businesses

• Employ more workers than all of large corporations combined in US.
• Sell products directly to consumers.
• Sell products to other businesses rather than the final consumer.
• Sell services rather than products such as hairdressers and repair shops.