Business Name Formulation Quiz
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Questions and Answers

Formulating a proposed business name is a simple and insignificant task

False

The business name should reflect the business identity and image

True

The address of the business is not important for business correspondence

False

It is necessary for a business to have an email address for electronic communication

<p>True</p> Signup and view all the answers

In a partnership, the names of the partners and their liabilities must be indicated

<p>True</p> Signup and view all the answers

Why is careful and in-depth planning important for formulating a business name?

<p>To reflect the business identity and image</p> Signup and view all the answers

Why is it important for the business to have an email address?

<p>To facilitate electronic communication with customers, suppliers, and other parties</p> Signup and view all the answers

Why should the address of the business be correctly written?

<p>All business correspondence are mailed to the business address</p> Signup and view all the answers

Why must the name of the owner be properly stated?

<p>To indicate the extent of their liabilities</p> Signup and view all the answers

Why is professing the brand identity of the product important for a business name?

<p>To attract or influence target consumers</p> Signup and view all the answers

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