The phrase that describes when one discusses upside gain and downside loss.
What is risk versus reward?
100
There are approximately 7,000 of these in this country.
What are commercial banks?
100
An unincorporated business that is owned and operated by one person.
What is a sole proprietorship?
100
A group of consumers who have purchasing power and unsatisfied needs.
What is a market?
100
A system of distribution that enables a supplier to arrange for a dealer to handle a specific product or service under certain mutually agreed upon conditions.
What is a franchise?
200
An agreement not to compete can also be known as this.
What is a legal restraint of trade?
200
This is when accounts receivable are bought from a company for capital funding.
What is factoring?
200
The debtor is relieved of obligations in this filing.
What is Chapter 7 bankruptcy?
200
This is the most expensive survey methods to conduct.
What are interviews?
200
The largest source for new business ideas among men is this.
What are prior jobs?
300
The stake that a seller sometimes maintains in the business after it is sold to ensure a smooth transition.
What is a minority interest?
300
The amount of time it takes to pay back a short term debt.
What is a year or less?
300
The type of bankruptcy typically preferred by entrepreneurs as sole proprietors.
What is Chapter 13 bankruptcy?
300
Pricing, product, place, and promotion are elements comprise this.
What are the 4P’s?
300
Experienced professionals who provide a full range of service for new high growth firms.
What are venture capitalists?
400
The extra value a business can command in a sale.
What is goodwill?
400
An informal risk capitalist.
What is a business angel (or angel funder)?
400
The type of partner that has liability capped at its capital investment.
What is a limited partner?
400
This focuses on personal selling and advertising to persuade customers to buy the company’s output.
What is the sales-driven philosophy?
400
Cocreated, Communities, Customizable and Choice comprise this.
What are the 4C’s?
500
Starting a business by adapting something already on the market is called this.
What is a new-old approach?
500
From the book the sources of financing least likely to be used when starting a business.
What are insurance companies?
500
This state typically is the favorite choice for incorporations.
What is Delaware?
500
The three aspects of social media when using social media tools for marketing purposes.
What are creating something of value, enabling customer promotion, and encouraging participation?
500
The process of identifying a specific set of characteristics that differentiate one group of consumers from the rest.