WorksheetsDomain 1 Week 1
Total questions: 11
Worksheet time: 6mins
When brands, manufacturers, and resellers sell their products in bulk to various outlets for onward sale, this is indicative of what kind of sales channel?
Wholesale
B2C (Business to Customer)
Direct to consumer
Retailer
What type of sales channel involves selling products directly to the end consumer without any intermediaries?
Direct to consumer
B2B (Business to Business)
Wholesale
Retailer
Which sales channel is characterized by businesses selling products or services to other businesses?
B2B (Business to Business)
Direct to consumer
Retailer
B2C (Business to Customer)
In which sales channel do retailers purchase products from manufacturers or wholesalers to sell to the end consumer?
Wholesale
Retailer
B2B (Business to Business)
Direct to consumer
Which three characteristics identify an entrepreneurial mindset? (Choose 3.)
Responds slowly to change
Takes risks
Poor communicator
Learns from failures
Creative thinkers
Which three products would be developed by digital production rather than physical production?
Phone
E-Book
Television
Banner AD
Social Media Applications
Sole proprietorships have limited liability.
True
False
Corporations can raise capital by selling stock.
True
False
LLC profits and losses are passed through to the personal income of the LLC owners.
True
False
What is a benefit of being an entrepreneur?
Predictable job-description
Limitless income potential
Paid sick time and health insurance
Consistent 40 hour work weeks
Which two statements about entrepreneur characteristics are true? (Choose 2.)
Entrepreneurs do not have financial risk
Entrepreneurs have freedom and flexibility
Entrepreneurs have job security
Entrepreneurs risk bankruptcy.
