Business Review: Entrepreneurs & Business Plan Chapter 1 Quiz

Obtaining financing from financial institutions and repaying back the loan.

Sole Proprietorship, Partnership, Corporation

Saving money on the purchase of certain goods/services and making marketing more efficient and profitable.

<p>Focuses on providing a service but not to make a profit.</p> Signup and view all the answers

<p>Service Business, Merchandising Business, Manufacturing Business</p> Signup and view all the answers

<p>A written description of a new business venture that describes all aspects of the business.</p> Signup and view all the answers

<p>Sole proprietorship, Partnership, Corporation</p> Signup and view all the answers

<p>Persistent, Risk-taking, Self-confident, Restless, Goal-oriented, Action-oriented, Responsible, Self-demanding, Creative</p> Signup and view all the answers

<p>A person who recognizes a business opportunity, organizes, manages, and assumes the risks of starting and operating a business.</p> Signup and view all the answers

<p>The purchase and sale of products or services to make a profit.</p> Signup and view all the answers

<p>To describe a new business venture and all its aspects</p> Signup and view all the answers

<p>They are responsible for their decisions and actions</p> Signup and view all the answers

<p>Unlimited liability for the owner</p> Signup and view all the answers

<p>What they want to do, how they will do it, and what they expect to accomplish</p> Signup and view all the answers

<p>To illustrate the diverse traits that contribute to their success</p> Signup and view all the answers

<p>Business owned by one person</p> Signup and view all the answers

<p>Providing a service but not to make a profit</p> Signup and view all the answers

<p>Merchandising Business</p> Signup and view all the answers

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

<p>Contractual agreement to use the name and sell products or services of a company in a designated area</p> Signup and view all the answers