Business Structures Quiz 2

What is exclusive distributorship?

• Selling things from multiple companies

• Selling things only from one company

• Selling things at discounted prices

• Selling things online only

What is expansion in business?

• Selling off the business

• Merging with another business

• Reducing the size of the business

• Growing by adding new things or places

What is a franchisee?

• A person who sells things from multiple companies

• A person who buys the right to sell things from another company

• A person who invests in stocks

• A person who starts a new business

What is a franchisor?

• A small company that sells its stuff

• The big company that lets another one sell its stuff

• A person who buys the right to sell things from another company

• A person who starts a new business

What is a general partnership?

• A special way a business works that's a mix of different types

• When a bunch of people share everything in a business

• When two companies work together for a little while to help each other

• When a business grows by adding new things or places

What is a hybrid structure in business?

• When one company lets another sell its stuff

• A special way a business works that's a mix of different types

• When two companies work together for a little while to help each other

• Someone who buys the right to use something like a logo or a special name

What is a joint venture?

• When two companies work together for a little while to help each other

• A person who buys the right to sell things from another company

• When a business grows by adding new things or places

• When one company lets another use its special stuff for a while

What is a licensee?

• A person who buys the right to sell things from another company

• A person who starts a new business

• A small company that sells its stuff

• Someone who buys the right to use something like a logo or a special name

What is licensing in business?

• When one company lets another use its special stuff for a while

• A special way a business works that's a mix of different types

• A person who buys the right to sell things from another company

• When a business grows by adding new things or places

What is a licensor?

• The company that lets another use its special stuff

• A small company that sells its stuff

• A person who buys the right to sell things from another company

• A person who starts a new business