Opportunity
Accessing Information
Community Outreach
Marketplace Experience
Future
Directions
100
The people to whom a business plans to sell its products or the people most likely to buy a specific product or service.
What are target customers?
100
If the price of an item is reduced, this must be done to break even.
What is sell more items?
100
The kind of plan presented to potential lenders or investors to gain financial support.
What is a business plan?
100
This should be evaluated if the Foods II class prepared 25 dozen cookies, but no one came to purchase them.
What is marketing?
100
The length of time a short-term loan is repayable.
What is one year?
200
Another name for marketing objectives
What are goals?
200
A working model of a product.
What is a prototype?
200
The step that BEST describes the development of a marketing strategy?
What is a marketing mix?
200
This should be evaluated if the Foods II class lost money on their project but all products were sold.
What is financials?
200
Under this form of business ownership owners have limited liability.
What is a corporation?
300
The term that can be defined as the conception, pricing, promotion, and distribution of products and services to satisfy customer wants and needs.
What is marketing?
300
The system for verifying and maintaining the desired standards in a product or service.
What is quality control?
300
Who the purchasing manager should contact if there is something wrong with a shipment or an invoice.
What is the vendor?
300
Advertising and promotion expenses for ongoing business are this type of costs.
What is variable costs?
300
A church or charity would use this form of incorporation.
What is a nonprofit corporation?
400
One must determine there is this for a product before offering a service or product for sale.
What is a demand for the product?
400
The financial statement that tells an entrepreneur what his/her business is worth at a given time.
What is a balance sheet?
400
The state agency that provides businesses with information regarding employer responsibilities in relation to unemployment insurance.
What is the State Department of Labor?
400
Initial inventory for the business is this type of cost.
What is start-up cost?
400
A major disadvantage of a corporation.
What is double taxation?
500
Of the major factors contributing to the success of a small business, this one is affected by the lack of working capital.
What is financing?
500
The process used to test a business idea or concept.
What is a feasibility analysis?
500
The federal agency that provides assistance and advice on how small businesses can increase revenues and profits.
What is the SBA?
500
Target customers must be be chosen with care when beginning a new business because they are the customers most likely to do this.
What is buy a specific product or service?
500
The government assuming little control over form of business ownership makes it the most common.
What is sole proprietorship?
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