WorksheetsBusiness Marketing Essentials
Total questions: 20
Worksheet time: 12mins
What is a Sole Proprietorship?
An unincorporated business owned by one individual, making it the simplest form of business to start and operate.
A company that is owned by stockholders who share in profits and losses generated through the firm's operations. It has it's own legal existence.
An unincorporated business owned by one individual, making it the simplest form of business to start and operate.
A company structure that operates much like a sole-proprietorship but is a separate legal entity like a corporation.
What is a con of a franchise?
A proven idea or product
Support and training provided
Percentage of profits go to corporate
Higher rate of success
What is a Partnership?
A company that is dedicated to furthering a particular cause or advocating from a shared point of view. All surplus revenues are used to pay employees and further it's ultimate objective.
More than one person operates and runs the business, assuming liability for debts and splitting the profits of the company.
An unincorporated business owned by one individual, making it the simplest form of business to start and operate.
A method of expanding a business and distributing goods and services through a licensing relationship. The company grants the new owner a license to run a new extension of their business in exchange for a percentage of the profits.
What are words that describe and entrepreneur?
Determined
Hard-working
Smart
Risk takers
True or False: Being an entrepreneur is easy because you are your own boss.
True
False
Entrepreneurs risk what...
money
failure
time
success
Entrepreneurs have what during hard times?
self confidence
satisfaction
patience
perseverance
Small businesses employ how many employees over private sector workers?
20%
50%
70%
10%
Are entrepreneurs passionate in what the do?
Yes
No
True or False: Entrepreneurs hurt the society
False: they create new idea that can help the standard of living.
True: they hurt the environment because they use chemicals.
Entrepreneurs are (a) minded.
Over _____% of the U.S. is self-employed?
10%
50%
20%
80%
Elon Musk created what...
SpaceX
Tesla
Motors
Chocolate
Fred Smith is the founder of what...
Amazon
Target
Wal-mart
Fed X
True or False: Entrepreneurs often start their business while working for another company.
True
False
True or False: Entrepreneurs are responsible for their business even if it fails.
True
False
Entrepreneurs work...
Only on weekends
Long hours
Short days
Whenever they want
When a business is down they could make...
no money
bunches of money
a little money
a decent amount
Entrepreneurs create what...
business
ideas
wealth
paychecks
Which skills do an entrepreneur need...
persuasive
negotiation
perseverance
optimistic
