Show:
Business Ownership
Cost
Customers
Financials
Organizations
100
The government assumes little control over this type of business.
What is a sole proprietorship?
100
The type of cost that includes initial inventory.
What are start-up cost?
100
The people to whom a business plans to sell its products.
What are targeted customers?
100
The net income to a business.
What is profit?
100
The agency responsible for health inspections in a food service business.
What is the local regulatory agency (Health Department)?
200
In this type of business, owners have limited liability.
What is a corporation?
200
The type of cost in which expenses will stay constant with the number of items produced.
What are fixed costs?
200
Targeted customers.
What are the people most likely to buy specific products or services?
200
The company must know this in advance to predict when the business will begin to make a profit.
What is the break-even point?
200
Small Business Administration.
What is SBA?
300
A major advantage of buying a franchise.
What is management training and technical assistance are provided?
300
The type of cost that includes advertising and promotion.
What are variable costs?
300
To whom the product standards benefit.
What is the consumer?
300
When a price is reduced, this must happen to continue to break even.
What is selling more items?
300
Their main purpose is to stimulate local economic growth.
What is Chamber of Commerce?
400
Non-profit corporation.
What is the form of business/ incorporation that a church or charity would use?
400
Visits to an accountant in preparation to open a business fall under this category of costs.
What are start-up costs?
400
An income statement shows the business owner this.
What is the amount of profit or loss?
400
The federal agency which provides assistance and advice on how small businesses can increase revenues and profits.
What is the SBA?
500
Double Taxation.
What is a major disadvantage of a corporation?
500
Monthly rent.
What are fixed costs?
500
The financial statement that tells an entrepreneur what their business is worth at a given time.
What is a balance sheet?
500
The agency that provides businesses with information regarding employer responsibilities in relation to unemployment insurance.
What is the State Department of Labor?