Business and Entrepreneurhsip

Which is not one of the 4P's?

• Price

• Product

• People

• Place

What are the different forms of business?

• Sole Proprietorship, Partnership, Corporation

• Entrepreneurship and small business owner

• Limited liability and Corporation

____ refers to a person who owns the business and is personally responsible for its debts.

• Partnership

• Corporation

• Sole Proprietorship

Which is not an advantage of a partnership?

• Easy to establish

• Do not have to pay income tax

• Double Taxation

What is a monoply?

• A business market where the seller faces no competition.

• A board game in which you cannot pass go or collect $200.00.

• A business that only has one competitor.

• A business that has many competitors.

Which of these are needs?

• Video game and water

• Shelter and Food

• A big hotel and gourmet meal

• Water and Iphone 14

What happens to demand if supply increases?

• Decreases

• Increases

• Stays the same

What is it called when a company strategically put one of their products in a movie or tv show?

• Marketing Mix

• Form Utility

• Unit Pricing

• Product Placement

A____ is a symbol or other design adopted by an organization to identify its products.

• Slogan

• Product

• Logo

• Picture

To draw attention to a product or service in order to promote sales is called:

• Slogan

• Logo

• Advertising

• Marketing