The form of financing which requires an entrepreneur to give up a portion of ownership in return for the funds to start a business is called:
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An association of two or more persons as co-owners, each with unlimited liability, is the definition for:
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The most expensive and complex form of business organization is:
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The form of business organization where "Individuals that invest money or property, but do not share in the management of the company" are:
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According to the textbook, the most frequent reason for business failure is the manager's lack of ...
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Securing money to start a business through a loan is called:
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All of the following would be sources of equity financing EXCEPT:
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When a consumer buys directly from an airline, the airline would be considered what type of distribution channel?
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Which distribution channel is used where a charter company buys through a travel company before selling to the consumer?
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A charter company that purchases a block of seats and then resells them is called a:
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All of the following are steps where a business can find ways to increase its profits EXCEPT:
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The most successful way to differentiate is to:
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The simpliest and least expensive form of business organization is:
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Going to a movie instead of playing miniature golf is an example of what type of competition:
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If you are operating a rafting business, other rafting companies in your area would be considered what type of competition?
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A group of people with some common characteristics that make a difference in their purchasing behavior, is the definition for:
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All of the following are considerations for market positioning EXCEPT:
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A decision process that helps decide the best product/service niche and marketing strategy for a given business, is the definition for market:
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A statement that it takes 20,000 people to support a swimming pool, is an example of what type of demand projection?
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If a national survey reports that 8% of American adults downhill ski and your city has 50,000 adults, what is the number of projected potential skiers in your city?
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All of the following are advantages of external funding EXCEPT:
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Owning a McDonalds Restaurant is what type of alternative to starting a new business?
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The margin on sales is based on net sales less:
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The percentage of the overall market for a particular product/service that a business hopes to gain, is the definition for market:
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A statement that summarizes the financial activity of the organization over a specific period of time, usually a month, a quarter, or a year is a:
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A financial statement that shows the difference between revenues and expenses for a monthly or quarterly period, is a:
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Compute the number of hours of bicycle rentals that are needed to break even: Revenues (bike rentals $24,300); Expenses (rent $1,000; wages $3,100; utilities $563; taxes $1,200; variable costs $1.25; and rental price $5/hr). Round to the nearest whole number.
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Rent or mortgage payments are considered:
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Expenses that increase or decrease depending upon how many customers use the product/service, is the definition for:
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The ability to generate enough cash to pay the bills, is the definition for:
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Calculate the price of a pair of in-line skates using a 200% markup based on a wholesale price of $45.
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Calculate the retail price of a beach bike, if you want a profit margin of 75% and the cost of the bike is $125.
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A pricing strategy which allows consumers to segment themselves based upon their needs and willingness to pay is called:
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Price increases will improve the margin on sales, provided that the cost of goods:
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Sales - Cost of Goods = Margin on Sales - Operating Expenses =
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All of the following are components of "marketing mix" EXCEPT:
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Calculate the cumulative cash flow for February given the following information: Jan. cum. cash flow (-$2,900); February. Net Revenue (15,600); Expenses ($14,900).
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The simpliest and most popular form of pricing is:
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The pricing strategy of charging higher fees for peak demand and lower fees for off peak hours is:
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A news report about your business is an example of what type of promotion?
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