What are entrepreneurs willing to take on to grow their businesses rapidly?

What type of products require pick-up or delivery?

When a customer purchases an item from a business, what type of transaction is it?

What type of corporations are for-profit with limited liability?

Which type of corporations are ideal for international businesses?

Who oversees daily operational and administrative functions in a company?

Who votes on the management of a company?

How are employees paid when they receive a fixed amount each pay period?

What can businesses offer in addition to a lower salary?

During which stage of the business life cycle is a company regularly taking on new customers?

What is created during the design thinking process to test ideas?

What allows one to see and experience a customer's perspective?

What are the inexpensive versions of a product created by the design team called?

Name one benefit of a franchise.

Label the items as either a product or a service. Use P for product and S for service: Muffins.

Label the items as either a product or a service. Use P for product and S for service: AC repairs.

Label the items as either a product or a service. Use P for product and S for service: Toilet paper.

Label the items as either a product or a service. Use P for product and S for service: Jewelry.

Label the items as either a product or a service. Use P for product and S for service: Web designs.

Label the items as either a product or a service. Use P for product and S for service: Couch.

Label the items as either a product or a service. Use P for product and S for service: Guitar lessons.

Which legal structure is best for international business even with being double-taxed?

What is a characteristic of a sole proprietorship?

Which legal structure is ideal for a single owner seeking low risk?

What is a feature of an S corporation?

Which legal structure involves shared financial backing?

What role is responsible for overseeing company finances?

Who creates the company?

Which role reports to the board of directors?

What type of compensation is usually found in sales roles?

Which compensation type is a set rate of pay for hours worked?

List the correct order of the business life cycle stages:

Michael owns a small but profitable tech company. He has been approached by a larger company that wants to purchase his business. In which business life cycle stage is Michael?

Bill just started a new graphic design business. He is advertising online and trying to gain customers. He just finished working with his first client. In which business life cycle stage is Bill?

Stephanie started a new flower shop last year. She has a good customer base and money coming in. In which business life cycle stage is Stephanie?

List the correct order of the design thinking process.

During which stage of the design thinking process will the design team create multiple inexpensive product versions?

During which stage of the design thinking process is a problem statement formed?

Which stage of the design thinking process involves learning about customers' challenges?

What is the amount of loss one is willing to take when making an investment decision?

What mindset means believing that one can accomplish anything through hard work?

What type of risk is a natural disaster?

What is a business opportunity that lets a buyer start a business called?

What needs to be obtained to use a brand name on products?

Which of the following is NOT one of the five factors that determine the viability of a business opportunity?

What helps a business achieve short-term and long-term goals?

How long should a lean canvas ideally be?

What creates the first impression of a business plan?

What plan should specifically be directed to investors and lenders?

In what form is a pitch deck most commonly presented?

What provides a brief overview of a business's mission and value to customers?

What does a patent protect from being copied?

What protects a company's formulas from being shared with competitors?

What must one obtain from the author or creator to license a product?

What agreements are signed by employees to agree not to share trade secrets?

Which of the following is a common characteristic of successful entrepreneurs?

What is a potential political risk that entrepreneurs might face?

Identify an example of an environmental risk for entrepreneurs.

What is a financial risk that entrepreneurs might encounter?

Which business opportunity involves recruiting marketers to join a team?

Which business opportunity involves higher start-up costs?

Which business opportunity obtains licenses to use a brand name?

Which viability factor involves the potential funding of a business opportunity?

Which viability factor involves building relationships with experienced professionals?

Which viability factor can help an entrepreneur make up for a lack of skills?

Which viability factor analyzes the skills of employees?

Which viability factor researches the demand for products or services?

What is the purpose of a pitch deck?

What is a lean canvas?

Which section of a business plan determines if there is a large enough customer pool?

Which section of a business plan briefly explains everything in the business plan?

Which section of a business plan includes roles that have not yet been filled?

Which section of a business plan includes things like a budget and profit and loss projection?

Jessica is composing a song and wants to protect it from being copied. Which intellectual property law would best protect Jessica’s song?

George came up with a secret banana bread recipe that he sells in his bakery. Which intellectual property law would best protect his recipe?

Mary works for a tech company and is designing a new style of headphones. Which intellectual property law would best protect Mary’s design?

Will designed a company logo for his new gym. Which intellectual property law would best protect his logo?

A target market identifies the ________ to which a company markets its products and services.

A value proposition is a statement that explains ________ a customer should do business with a company.

Primary data is more ________ and reliable compared to secondary data.

Secondary data often contains ________.

A(n) ________ competitor is a business that sells similar products or services as another business.

A(n) ________ competitor is a business that sells different products or services but is similar enough to be competitive with another business.

A SWOT analysis documents a company’s strengths, weaknesses, ________, and threats.

Financial limitations would be an example of a ________ in a SWOT analysis.

Mark designs logos for businesses in his city. He mostly works with local bakeries. What is Mark’s target market?

A focus group was formed to provide opinions for a target market. What type of data is being collected from the focus group?

An internet article about fashion trends seen in Europe was used to select inventory for a small boutique. What type of data was used in this scenario?

What is direct competition in business?

What is an example of indirect competition for an ice cream parlor?

What does a SWOT analysis help determine?

In a SWOT analysis, what does "Strength" refer to?

In a SWOT analysis, what does "Weakness" refer to?

A marketing method that uses customized newsletters to engage with customers is ______.

A marketing method that uses ads on a website within a search engine is ______ advertising.

The four segments of sales data are behavioral, geographical, demographic, and ______.

______ data provides information about a customer’s age, gender, or ethnicity.

Investors use ______ to determine the cost of acquiring new customers.