Gmetrix - D1L1

Entrepreneurs are willing to take on new opportunities and unknown _______________ to grow their businesses rapidly.

• risks

• challenges

• tasks

• projects

Tangible items that require pick-up or delivery are _______________ products.

• Physical

• virtual

• digital

When a _______________ purchases an item from a business, it is a business-to-consumer transaction.

• customer

• business

• supplier

• retailer

_______________ are for-profit corporations with limited liability.

• Limited Liability Companies

• S-Corporations

• Partnerships

• Sole Proprietorships

The _______________ oversees daily operational and administrative functions. [Business Roles and Responsibilities]

• CEO

• COO

• CFO

A _______________ votes on the management of a company.

• A shareholder

• A manager

• A stockholder

• A customer

During the _______________ stage of the business life cycle, a company is regularly taking on new customers and starting to generate a consistent income.

• Growth

• Startup

• Maturity

• Survival

_______________ allows one to see and experience a customer's perspective.

• Empathy

• Sympathy

• Analysis

• Observation

Michael owns a small but profitable tech company. He has been approached by a larger company that wants to purchase his business. In which business life cycle stage is Michael?

• a. Exit Plan

• b. Growth

• c. Maturity

• d. Decline

Stephanie started a new flower shop last year. She has a good customer base and money coming in. In which business life cycle stage is Stephanie?

• a. Survival

• b. Growth

• c. Maturity

• d. Decline