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Introduction to business

Total questions: 20

Worksheet time: 13mins

Name
Class
Date
1.

When branding is successful, a brand's ___ is improved

a)

Debt

b)

Safety

c)

image

2.

Branding is

a)

is a device that legally identifies ownership of a registered brand or trade name.

b)

the process of working toward maximizing recognition of a particular brand.

c)

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.

d)

consumer preference for a particular brand as compared to competitor products or services.

3.
This type of business is owned by one person.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
4.

How is a business 'location' best described?

a)

The place where customers buy products

b)

The place where a business sites its operations

c)

The place where suppliers send components

5.

What is a Brand Identity?

a)

Your brand identity is how you perceives yourself.

b)

Your brand identity is the same as branding.

c)

Your brand identity is how your audience perceives you.

d)

Your brand identity is your logo.

6.
This type of business is owned by two or more people.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
7.

Which of the following is a disadvantage of franchise?

a)

assistance from a parent company

b)

name recognition

c)

shared advertising expenses

d)

must follow parent company business structure

8.

2. Mario and his brother Luigi started a plumbing company together. They split the profits and the expenses.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

9.
This type of business is a contractual agreement with a parent company to sell its products/services in an area.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
10.

9. What type of business is described in the diagram below?

a)

Sole Proprietorships

b)

Partnerships

c)

Corporation

11.

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.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

12.
McDonald's and Burger King are examples of....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
13.

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?

a)

Partnership

b)

Sole Proprietorship

c)

Cooperative

d)

Corporation

14.
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
15.
Advantages of this business include: easier to get money from the bank to start, share skills and share risks.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
16.

Why is packaging an important part of branding?

a)

People will not recognise the business from the packaging.

b)

People will recognise the business from the store.

c)

People will recognise the business from the packaging.

d)

People will recognise the business from the packaging.

17.

3. Mary opened a dance studio. She receives all the profits from her students’ lessons.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

18.

what is this brand?

a)

NBA Basketball

b)

NBA

c)

NBA Golf

d)

NBA Voleyball

19.

Which of the following is a primary reason that businesses use brands:

a)

To identify their products

b)

To charge high prices

c)

To increase materialism

d)

To reduce expenses

20.

The symbol is an example of a:

a)

brand name

b)

slogan

c)

logo

d)

tag line