VB Spring TEKS Review

What type of business structure is owned by one person?

• Sole Proprietorship

• Partnership

• Corporation

• Entrepreneurship

A government funded organization that helps small business owners borrow money as well as manage their business more efficiently is called:

• The Small Business Administration

• Internal Revenue Service

• Workforce Commission

• Junior Achievement

The application of principles of right and wrong to issues that come up in the workplaces is a description of

• Social Responsibility

• Business Ethics

• Moral Values

• Accountability

The part of the marketing plan where the business focuses on how you will advertise the products and services offered:

• Product

• Place

• Price

• Promotion

An example of an E-Marketplace would be?

• Houston Community College Website

• Amazon

• Houston Chamber of Commerce

• Online World Book

In order to establish a business, you need to meet a customer's _______?

• Goods and services

• Wants and dreams

• Desires and education

• Needs and wants

Logos for a business are important tools for all the following except?

• Creating an image

• Cutting costs

• Branding your business

• Advertising

A niche market is centered on:

• Worldwide sales

• Business development

• Smaller segments of an existing market

• High supply and demand

Companies can see just by their customers logging into a website the following information except?

• Time of day

• Length of visit

• Visitor number

• Ethnicity

When putting together a Business Plans Marketing Plan the 4 P's that need to be kept in mind are?

• Purchasing, production, price, promotion 

• Print, production, purchasing, partnership

• Product, place, price, promotion 

• Purchasing, production, profit, point of sale