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Business management question's.>? Best Answers Gets 10 Points !?

1. A survey is one tool of market researchers. Identify another tool: A. town meetings B. flyers C. demographics D. newspapers E. TV 2. Marketing is A. selling the product to the customer. B. going to select the product. C. convincing the customer to buy. D. promoting how the product can satisfy the customer. E. none of the above. 3. Completing market research for your business is most likely to include: A. identifying exactly what your product or service will do. B. listing all the benefits of your product. C. surveying potential customers. D. identifying target customers. E. all of the above. 4. The difference between advertising and publicity is A. advertising is planned much more in advance B. publicity just happens C. advertising is budgeted because there are costs involved, but publicity is free business promotion D. advertising is about your product, and publicity is about your company E. there are no differences 5. Identify the first step in doing market research: A. call potential customers B. eliminate low income persons C. develop the characteristics of your target customer D. go door to door to find customers E. none of the above. 6. The goal of market research is to identify: A. who your customers might be B. demographics C. history of your customers. D. production numbers. E. none of the above. 7. What is the best business structure in this situation? Opening a restaurant realizing that potential for being sued is high: A. sole proprietor B. limited liability company C. nonprofit corporation D. cooperative E. none of the above. 8. The marketing plan is dependent on A. your creativity B. your plan C. your budget D. your connections E. the type of service or product you are selling. 9. The four P’s of Marketing are: A. profit, product, pricing, and production B. product, price, production, and practice. C. product, price, place, and promotion. D. promotion, price, profit, and production. E. none of the above 10. One aspect of starting a business is a detailed: A. Gathering of all your friends and relatives B. List of all your assets C. Focused identification of everything you will need D. Plan that will carry you for five years E. Referral to a helpful banker 11. What is the best business structure in this situation? The entrepreneur needs capital and anticipates building a large business. A. partnership B. limited liability company C. corporation D. nonprofit corporation E. none of the above 12. The best logo is A. detailed, colorful, and available B. bright, unusual, with the name of the business prominent C. memorable, simple, and printable D. black, outstanding, and different E. none of the above 13. Most laws governing business are developed by A. the national government B. the county government C. the state government D. the city government E. the IRS 14. The break-even point is A. where you have paid all your start up costs B. where you have not made a profit but have not lost money C. same as the point where you have paid all your cost of goods sold D. not important to figure E. none of the above 15. Select the best business name for a business that provides child care. A. Mary’s Place B. After School Services C. Moppet’s House D. Kiddie Kare E. None are good names

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