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100
A form of intellectual property law that protects original works of authorship,min lauding literary, musical, and artistic works.
What is copyright?
100
How can entrepreneurs protect intellectual property rights?
What is copyright?
100
When purchasing a franchise what initial fees will an entrepreneur have to pay?
What is initial franchise fee, start-up costs, royalty fees, and advertising fees.
100
What are some typical locations of a non-retail business?
What are industrial parks, enterprise zones, and home-based?
100
What does it mean when a business is owned exclusively by one person?
What is sole proprietorship? A sole proprietorship enables one person to be in control of all business aspects.
200
The area from which a business expects to attract customers.
What is trade area?
200
Why are sole proprietorships the most common form of business ownership?
What is the government exercises little control?
200
What are some advantages and disadvantages of owning your own business?
Advantages: more freedom, challenge, completely independent Disadvantages: estimate demand for your product/service, make decisions that franchise owners might not have to make
200
What should an entrepreneur consider with commercial leases?
What is landlord , gross lease, net lease, and percentage lease?
200
What is a business that has legal rights of a person but is independent of its owners?
What is a corporation?
300
A business owned by two or more people.
What is partnership?
300
Why is it more difficult to start a new business rather than purchasing one?
What is there are many risks to starting your own business such as estimating demand for your product
300
What are some regulations that promote competition?
Antitrust legislation; Sherman Act, Clayton Act, Robinson-Patman Act, Wheeler Lea Act. Government Agencies protecting competition; justice department, federal commission. As well as, intellectual property rights.
300
When designing the layout of a business should an entrepreneur consider space for employees, customers, merchandise, and equipment?
What is Yes? Retail, service, wholesale, and manufacturing businesses require different layouts to meet the nees of their business and target market.
300
A share of stock is a unit of ownership in a corporation. TRUE or FALSE?
What is TRUE? There may be many owners, who are called shareholders or stockholders.
400
What is the definition of enterprise zones?
What are areas that suffer from lack of employment?
400
What are some advantages to buying an existing business?
The business may already have the necessary equipment for operation, suppliers, and procedures in place. As well as, prior records of revenues, expenses, and profits, and financial arrangements can be easier.
400
The location is the most important aspect when thinking of operating a retail business. TRUE or FALSE?
What is TRUE?
400
What is the definition of inventory?
What is the merchandise a business sells to its customers?
400
Define Dividends.
What is distributions of corporate profits to shareholders?
500
In which type of lease does a landlord receive a portion of the tenants revenue each month in addition to a base rent?
What is percentage lease?
500
What are some disadvantages of buying an existing business?
Prior to purchasing a business might have not made a profit. When purchasing an existing a business you inherit problems and capital (money) is required.
500
What are some typical retail business locations?
What are downtown areas, neighborhood shopping centers, super-regional shopping centers ad sometimes warehouses?
500
What are companies that sell products and services to businesses?
What are vendors?
500
Every corporation has a ________ __ _________, which is a group of people who meet several times a year to make important decisions affecting the company.
What is board of directors?
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