Principles of Business 1301

Your company wants to sell shirts with the local college’s logo. Which type of agreement would allow your company to sell them?

• licensing agreement

• security agreement

• franchise agreement

Your company is an e-commerce company selling dog food and toys using a direct-to-customer fulfillment model. Which two tasks should the company handle internally as part of the distribution model? Choose 2

• inventory storage

• retail sales promotion

• shipping

Fixed costs depend on the monthly changes in business revenue.

• True

• False

Engagement programs

• customer retention cost

• customer acquisition

An individual who will invest in a startup business in exchange for equity is called a Angel investor

• True

• False

To analyze the collected information and identify the core problem is define.

• True

• False

Which type of entrepreneurship specifically focuses on solving problems in communities?

• large company

• small business

• scalable start-up

• social venture

Which two actions are important ways to determine the viability of a business opportunity? (Choose 2)

• develop a new product

• disregard competitors

• review management skills

• analyze market size

Which expense is a start up cost?

• labor cost

• fulfillment cost

• licensing cost

Which three key sections are found in a cash flow statement? (Choose 3)

• cash flow from operations

• cash flow from financing

• cash flow from investments

• cash flow from revenues