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Chapter 5: Business Opportunities

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

Any business on the internet that sells products, services, or advertising online is known as ___________. 

a)

A. Online Business

b)

B. Brick & Mortar Business

c)

C. Business 2 Business

d)

D. Domestic Business

2.

The top E-Commerce market is _____________.

a)

A. USA

b)

B. CHINA

c)

C. JAPAN

d)

D. UK

3.

A company that conducts business within its national borders is known as a ______________. 

a)

A. Online Business

b)

B. Brick & Mortar Business

c)

C. Business 2 Business

d)

D. Domestic Business

4.

A business that has a physical location for consumers to purchase goods. 

a)

A. Online Business

b)

B. Brick & Mortar Business

c)

C. Business 2 Business

d)

D. Domestic Business

5.

Business that is conducted between businesses is known as ___________.

a)

A. Online Business

b)

B. Brick & Mortar Business

c)

C. Business 2 Business

d)

D. Domestic Business

6.

 A seller of goods to consumers is a _____________.

a)

A. Retailer

b)

B. Manufacturer

c)

C. Wholesaler

d)

D. Distributor

7.

The manufacturer’s direct point of contact to supply goods to wholesalers. 

a)

A. Retailer

b)

B. Manufacturer

c)

C. Wholesaler

d)

D. Distributor

8.

A person or company that makes goods for sale.

a)

A. Retailer

b)

B. Manufacturer

c)

C. Wholesaler

d)

D. Distributor

9.

A company that sells goods in large quantities at low prices to retailers. 

a)

A. Retailer

b)

B. Manufacturer

c)

C. Wholesaler

d)

D. Distributor

10.

The seller of a franchise is called____________.

a)

A. Franchise

b)

B. Franchisee

c)

C. Franchisor

d)

D. Royalty

11.

 The right to make or market a good or service under a trademark name. 

a)

A. Franchise

b)

B. Franchisee

c)

C. Franchisor

d)

D. Royalty

12.

An ongoing fee that a franchisee pays the franchisor. The fee is usually a percentage of gross sales.

a)

A. Franchise

b)

B. Franchisee

c)

C. Franchisor

d)

D. Royalty

13.

The buyer of a franchise. 

a)

A. Franchise

b)

B. Franchisee

c)

C. Franchisor

d)

D. Royalty

14.

A company that conducts business outside national borders. 

a)

A. International Business

b)

B. Domestic Business

c)

C. Business 2 Business

d)

D. Wholesaler

15.

A company that conducts business within its national borders. 

a)

A. International Business

b)

B. Domestic Business

c)

C. Business 2 Business

d)

D. Wholesaler

16.

A person who purchases goods for commercial use is known as a consumer. 

a)

A. True 

b)

B. False

17.

Retailers sell goods to distributors.

a)

A. True 

b)

B. False

18.

Joe’s Landscaping would be an example of a domestic business.

a)

A. True 

b)

B. False

19.

McDonald's corporate would be the franchisee in a franchise relationship.

a)

A. True 

b)

B. False

20.

E-Commerce sales will increase over the next 5 years, according to statistics. 

a)

True

b)

False