Business Trends
This style of business will promote growth at a much quicker rate than those who don't offer this method.
What is e-business?
Most expensive industry to enter.
What is manufacturing/production?
What is KFC?
A business plan is which step to starting any business.
What is first?
SBA stands for.
What is Small Business Administration?
What is outsourcing?
Goods/Tangible Products/Retail
What is distribution?
The buyer and the seller of a franchise.
What are franchisee and franchisor?
A business plan is considered this because it is a carefully constructed guide that shows how you will operate your business.
What is a blueprint?
The type of business that represents more than 99% of all employers.
What is small business?
Dunkin will open full service stores in New England's leading supermarket chain, Stop & Shop Supermarket Co., This will benefit both companies. Name this trend.
What is strategic alliance?
48% of all small businesses
What is a service?
How royalty fees are normally determined.
What is by a percentage of gross or net sales?
A business plan is considered this because it should be modified as the entrepreneur gains knowledge and expertise.
What is a "living document?"
Name one thing the SBA provides.
What is:
management training
Financial advise
Loans
Samsung invests in Scientific Magnets for brain scanners and Novaled for organic light-emitting diodes. Name this trend.
What is a corporate venture?
Name 1 of the 8 Best Industries for Starting a Business in 2019 according to Inc.com
What is:
Micromobility
Digital Therapeutics
CBD Products
Personalized Nutrition
Healthy Jerky
Baby Tech
Selfie Services
Workleisure Apparel
The other names for franchisee and franchisor in a contractual relationship.
What are licensee and licensor?
The first section of the business plan that you created for the Home-base business.
What is an Executive Summary?
Define goodwill.
What is the value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology.
Percentage of small businesses that are home-based.
What is 52%?
Name a specific example of each of the 3 industry categories
What are:
Distribution- Macy's, Petco, Shoprite
Service- Ellis Hospital, Barber, Mechanic
Production- Boeing, GE, ExxonMobil
Name two advantages and two disadvantages of buying a franchise for a franchisee.
What are:
Advantages: start with limited capital, guaranteed customers, guidance & advice, most advertising is included
Disadvantages: initial franchise fee, annual royalty fees, & must follow restrictions/rules
Name 2 areas that the business plan describes about a potential business.
What are:
Nature of the business
Target Market
Advantage over Competition
Resources & Qualifications of the owners
Name 2 of the 3 ways small businesses contribute to our economy.
Growth & Innovation
Provides Employment
Provides Competition