What is Entrepreneurship?

A(n) _______________ is someone who organizes and then runs a business.

• Entrepreneur
• Franchise
• Partnership
• Corporation

What are expenses involved in going into business?

• Market Outlook
• Start-up costs
• Gross profit
• Net profit

What is a contract to use something for a specified period of time?

• Lease
• Net profit
• Market Outlook
• Revenue

The ___________________ is the potential for future sales.

• Franchise
• Market Outlook
• Income Statement
• Revenue

A ________________ is the legal right to sell a company's goods and services.

• Partnership
• Cooperation
• Franchise
• Market Outlook

_______________ means the loyalty of customers.

• Goodwill
• Franchise
• Market Outlook
• Partnership

This means a business is completely owned by one person.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

This type of business is a legal arrangement in which two or more people share ownership.

• Sole Proprietorship
• Partnership
• Corporation
• Franchise

This is a business, chartered by a state, that legally operates apart from the owner(s). The owners, shareholders, buy shares, or parts, of the company.

• Franchise
• Sole Proprietorship
• Partnership
• Corporation

The "costs of doing business, such as the costs of manufacturing and selling the product" is what?

• Operating costs
• Start-up costs
• Revenue
• Gross profit