Business Start-up
What is the first step to creating a business?
Generate ideas
What are the 3 different types of manufacturing businesses?
Custom, Processing, Mass Production
How many steps are there to starting a business?
10
What is the purpose of the federal government?
Oversee the activities that involve two or more states or other countries.
What all must a contract include?
Agreement, component parties, consideration, and legality.
What are the 3 different types of businesses?
Manufacturing, Retail, and Service.
What is a partnership business structure?
When two people come together to make a business that is each others.
What are the 10 steps to starting a business?
Conduct market research, write a business plan, fund your business, pick your business location, choose a business structure, choose a business name, register your business with the US government, get federal and state taxes id's, apply for a business licence, open a business bank account.
What is the definition of Contract?
An agreement to exchange goods or services for something of value.
What is one thing that a monopoly gets rid of?
Competition.