Business 1
Pam has arranged to sell Goodyear tires in her automotive supply store. She has entered into a __________ franchising agreement
(product trade-name)
Illegally operated multi-level marketing operations that require potential members to pay a large initial investment fee are often referred to as
(pyramid schemes)
An advantage of developing a joint venture is that new profit centers can be created for less __________ than when doing it alone
(money)
What type of business is generally not taxed by the federal government
Non-Profit
Professor Dinter was born in
Philadelphia
What type of franchise arrangement has a close and continuous working relationship between the parent company and the franchisee
(business-format)
What type of business arrangement involves an owner granting permission to use trademarked, copyrighted, or patented material to another entity
(licensing)
Joint ventures are used by many companies that want to expand their businesses
(internationally)
What type of company operates under trade name of parent company
Business-Format Franchise
Professor Dinter's favorite NFL Football team is
Eagles
What type of franchise arrangement is often called a dealership or exclusive distributorship
(product trade-name)
Licensing agreements are usually established for a specific activity for a limited
(time)
What type of corporation must have 100 or fewer shareholders
"S" Corp
What type of business requires little startup capital
Multilevel Marketing Business
Professor Dinter has how many kids
2
What business arrangement pays commissions on sales earned to people at two or more levels
(multi-level marketing)
Improper use of licensed material could result in a
(lawsuit)
What type of Corporation Designed to help small businesses avoid dual taxation
"S" Corporation
What type of business is a short term relationship
Joint venture
7th Grade World History
Why do people become distributors for multi-level marketing businesses
(used the product and liked it)
An arrangement that involves two independent businesses entering into a short-term relationship by combining complementary resources is referred to as a
(joint venture/strategic alliance)
What type of corporation usually sells millions of shares in stock
"C" Corporation
Uses trademarked material for a limited time
Licensing
YOURS (OF COURSE)