__________ behavior is when people behave in a good, moral, fair, and proper way.
What is Ethical
100
A ___________ is an idea for a company, product, or service.
What is Business Idea
100
A company's _________ is the attitude of the people working there.
What is Morale
100
_____________ is a legal term for being held accountable and obligated to fulfill a commitment.
What is Liability
100
People who share common needs and wants, and who have the ability and willingness to buy the product.
What are potential customers
200
__________ property is the set of ideas, inventions, production processes, trademarks, trade secrets, and other intangible mental creations that belong to the company.
What is Intellectual
200
A ____________ is a consumer problem, need, or desire that a business could provide a solution for.
What is Business Opportunity
200
A company's ____________ is a short explanation of the company's purpose. It explains why the company exists and what it does for its customers.
What is Mission Statement
200
A _________ is a financial obligation that a person is required by law to pay.
What is tax
200
A very specific group of people we want to sell our product to.
What is a Target Market
300
The point when the company makes exactly enough money to pay for itself, without making extra as a profit.
What is Break Even Point
300
A __________ is a way of living that shows the beliefs and opinions of a person or group of people.
What is Lifestyle
300
When should you write the Executive Summary?
What is at the end
300
What are the four main legal structures for a business in the United States?
What is Sole proprietorship, Partnership, Corporation, LLC
300
Your ___________image is the perception that people have of your product.
What is Brand
400
What are the four main parts of a company?
What is Production, finance, marketing, and customer service
400
The __________ marketplace is the market created by buyers and sellers who exchange products and services between different countries.
What is Global
400
What is a SWOT analysis?
What is Strengths, Weaknesses, Opportunities, Threats
400
What are five common ways of organizing a company?
What is By function, By product, By location, By process, By customer
400
What are the five P's of the marketing mix?
What is Product, Place, Price, Promotion, People
500
What are the six stages of a business?
What is Identify, Plan, Start, Operate, Improve, and Exit
500
What are five things you should consider in order to determine if a business idea is a good opportunity?
What is Customer demand, Competition, Timing, Money, Your personality and skills
500
What are four reasons to limit a company's scope?
What is What is Quality, Brand identity, Marketing, Direction
500
What are three common buying methods?
What is Fixed order, Economic order quantity, Just in time (JIT)
500
What are the five C's of the marketing mix?
What is Consumer, Cost, Convenience, Communications, Community