Types of Businesses
When comparing the four main business types, this allows the owner to start selling products most quickly.
What is sole proprietorship?
Preparing a new TV advertising campaign is this function.
What is marketing?
Norman and Jones Septic Tank Cleaners are the best septic tank cleaners in Monroe. This is how Norman and Jones Septic Tank Cleaners classified.
What is service provider?
Successful entrepreneurs are expected to have good speaking, writing and listening skills. This is an example of this skill.
What is communication?
This is a difference between wants and needs.
What is needs are necessary for survival and wants are nice to have?
When comparing the four main business types, this has the MOST risk and rewards for an individual.
What is a sole proprietorship?
This function is responsible for all the hardware and software.
What is IT?
Goodwill Industries helps poor and homeless people with the money raised by selling donated products in their stores. Goodwill is classified as this kind of business.
What is non-profit?
This personal characteristic of successful entrepreneurs reflects that successful entrepreneurs believe in themselves.
What is self-confident?
This is what wants and needs have in common
What is both are things people use?
This is one advantage a franchise has over a sole proprietorship.
What is a parent company provides training and support to the franchisee?
Preparing a cash flow statement is this function.
What is accounting?
Most car dealerships, beauty salons, and home improvement stores are classified as this type of business.
What is a combination of product and service?
Maria is creating the part of her business plan that states why her business idea is feasible and how she will secure funding for her new business. This is this part of the business plan.
What is financial plan?
This is the difference between consumers and customers.
What is consumers use goods and services and customers buy goods and services?
When comparing the four main types of business organization, this type protects owners the MOST from personal financial liability due to being sued by a customer.
What is corporation?
Hiring, firing, and managing the company benefits and educational opportunities for employees are all classified as this type of function.
What is Human Resources?
The Gap, Dell and Microsoft are all classified as this type of business.
What is a profit business?
Successful entrepreneurs are expected to keep good financial records, which includes knowing how to calculate profits. This is an example of this skill.
What is math?
Steven and his brothers want to start a plumbing business together. This is an advantage of organizing the business as a partnership rather than a corporation.
What is a partnership can start up more quickly?
What is a corporation requires a legal charter to start?
This is the accounting equation.
What is Assets = Liabilities + Owner's Equity or Assets - Liabilities = Owner's Equity?
Tom and Clare met in college and started a website maintenance business to earn money for their college expenses. This is how their website maintenance business classified.
What is a profit business?
In this stage of the entrepreneurial process does the entrepreneur hold the Grand Opening.
What is actualization?
This is a reason that a new business could have very few sales during the first year.
What is lack of advertising?