You need to create a legal structure for your small business. You would like some benefits enjoyed by a large corporation, but you do not want to be taxed twice. You have four partners who will be shareholders. None of you plan to sell your ownership shares to the public, but do want to be protected from business liabilities. Which legal structure should you set up for your business?

Which one of the business compensation structures are is an example of a employee that would be most affected by minimum wage laws?

You've been asked to classify businesses. Which TWO are B2B?

You've been asked to classify businesses. Which TWO are B2C?

For each role and responsibility for a business, categorize the role or responsibility as belonging to a FOUNDER

For each role and responsibility for a business, categorize the role or responsibility as belonging to a STAKEHOLDER

An example of _____________ compensation is paying filed laborers for the amount of fruit they pick

An employee who is paid a percentage of a sale is paid by ________.

Which is the LAST stage in the five stages of the business life cycle.

Which is the LAST step in the Design Thinking Process?

Successful entrepreneurs have mindsets that typically possess which three characteristics?

Which is the greatest benefit of being an entreprenuer?

Which three characterists help identify a business opportunity?

The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in their gardens they create. The landscaper wants to determine the viability of this buisiness opportunity. What should this entreprenuer do FIRST before offering to design and build water features as part of his landscaping business?

Which two documents summarize the business plan of a company?

A Pitch Deck is Highly Visual

A Business Plan is 10-100 Pages

A Business Plan is used to get Investor's Attention

Which THREE elements are required to have a Trade Secret?

Identifies it is a Creative Commons license

Only Non Commercial users of the work are permitted.

A cooking company wants to identify a target market for a new, AI-enabled toaster oven. Which TWO types of behaviors are analyzed with defining a target market>?

In the context of interpreting market research, classify the following data as PRIMARY

In the context of interpreting market research, classify the following data as SECONDARY

Direct Competition is...

What does the T in "SWOT Analysis" for?

Which TWO marketing platforms are offline marketing platforms?

Your company manufatures 72hr. emergency kits and sellst hem for a low profit margin. You want to expand your customer base to increase your sales volume, but you have limited budget. Which marketing would be the best choice?

A DJ wants to analyze market reactions to the new music selections played at his dance last weekend. He advertises his weekly dances using social media and email. Which would be the most effective way to gather reactions from those who attended the dance?

Which element of a marketing plan provides a synopsis of details to be outlined later in the plan?

Elements of a Sales Process can include Prospecting, Handling Objections, Closing, and Presentation

Which Sales Channel has been opened to manufactures because of digital tools?

Which Type of Sales Channel involves Selling Products directly to end customers for a profit, either in-store, online, mail-order, or by phone?

Which TWO ways can Customer Service and Support affect sales?

A toy company wants to create a product/market fit hypothesis for a new toy. Which element of the hypothesis involves writing a statement explaining what the new toy does and how it is different from the competition?

You're a technical trainer. You teach online courses to help workers more efficiently use Microsoft Office applications. What is an effective way to measure your teaching performance during an online course?

You have an idea for a new product. Market research suggests the product is needed to solve a problem and will be enthusiastically embraced by customers. What is one of the first steps you must do before creating a product prototype?

You create a new type of electric shaver that is light-weight, portable, and holds a longer charge. What are three things you need to consider regarding the mass production of your electric shaver?

Which process does Product Quality Testing NOT involve?

Product Price affects the length of a distribution channel.

Which are TWO characteristics of direct distribution that differ from fulfillment centers?

You operate a small insurance office with a partner, which expense is a fixed cost?

You spent $1,000 on a Pay-Per-Click (PPC) online advertising campaign that resulted in $1,200 in sales. What was your last month's ROI?

Which TWO costs should be included when calculating the start-up costs for a business?

A startup business is looking for ways to get funded. Which type of funding funds a business through private investments during a set period of time?

Which one of the following statement is NOT true about Equity Financing?