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WorksheetsY8 Introduction to business
Total questions: 27
Worksheet time: 18mins
Disadvantages of this type of business include: parent company is strict, you are limited in what you sell, and you must operate like every other franchise.
Sole Proprietorship
Partnership
Corporation
Franchise
Which of the following is a disadvantage of franchise?
assistance from a parent company
name recognition
shared advertising expenses
must follow parent company business structure
2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.
Sole Proprietorship
Partnership
Corporation
3. Mary opened a dance studio. She receives all the profits from her students’ lessons.
Sole Proprietorship
Partnership
Corporation
Dan, Tony, and Mac own a pizza parlor. They rotate hours and days off.
Sole Proprietorship
Partnership
Corporation
Unger and Unger is a law firm consisting of two brothers who started their own business. They both are responsible for all profits and risks that their firm will have.
Sole Proprietorship
Partnership
Corporation
9. What type of business is described in the diagram below?
Sole Proprietorships
Partnerships
Corporation
Jimbo set up a pizza shop right beside a high school to take advantage of the unhealthy eating habits of teens. What type of ownership is this?
Partnership
Sole Proprietorship
Cooperative
Corporation
How is a business 'location' best described?
The place where customers buy products
The place where a business sites its operations
The place where suppliers send components
The rise of the internet has meant that many businesses costs are:
Lower as there is more need for expensive retail premises
Higher as there is more need for expensive retail premises
Higher as there is less need for expensive retail premises
Lower as there is less need for expensive retail premises
Branding is
is a device that legally identifies ownership of a registered brand or trade name.
the process of working toward maximizing recognition of a particular brand.
the use of a name, design, symbol, or a combination of those elements that a sports or entertainment organization uses to help differentiate its products from the competition.
consumer preference for a particular brand as compared to competitor products or services.
What is a Brand Identity?
Your brand identity is how you perceives yourself.
Your brand identity is the same as branding.
Your brand identity is how your audience perceives you.
Your brand identity is your logo.
Select the 2 advantages of branding.
A business can save money on marketing once the product becomes a household name.
It means businesses don't have to make new items.
The business can change its name if it wants to.
Higher prices can be charged when consumers become loyal to the brand.
In what ways can a brand be easily recognisable?
By the taste
By its logo
By the price
By its packaging
When branding is successful, a brand's ___ is improved
Debt
Safety
image
Customers that buy brands expect the product to be high
in price
quality
quantity
qualitative
what is this brand?
NBA Basketball
NBA
NBA Golf
NBA Voleyball
Why is packaging an important part of branding?
People will not recognise the business from the packaging.
People will recognise the business from the store.
People will recognise the business from the packaging.
People will recognise the business from the packaging.
The symbol is an example of a:
brand name
slogan
logo
tag line
Which of the following is a primary reason that businesses use brands:
To identify their products
To charge high prices
To increase materialism
To reduce expenses
