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Business Principles--2nd Semester Exam Review

AB
company brochureWhat is something that could go in the appendix of a business plan
firstWhat section does the Executive Summary appear in a business plan?
lastWhat section dos the appendices appear?
producerIndividuals and organizations that determine what products and services will be available for sale?
consumerA person who buys and uses goods and services?
traditional economyAn economy in which goods and services are produced the way they have alwys been produced?
command economyAn economy where the resources aere owned and controlled by the government?
market economyAn economy where the resources are owned and controlled by the people of the country?
monopolyWhen a business has control tof the market for a product or service?
2ndWhich section does the mission/vision statement appear?
marketing and sales strategyWhich section of the business plan do you list your channels of distribution?
financial managementWhich section of the business plan do you list your estimated start-up costs?
organization and managementWhich section of the business plan do you list an organizational charg of your company?
description of products and servicesWhich section of the business plan do you explain how your products and services are competitive?
business description of visionWhich section of the business plan do you list the company's goals and objectives?
partnershipA business owned and controlled by two or more people who have entered into a written agreement?
corporationA separate legal entity formed by documents filed with a state. It is owned by one or more shareholders and managed by a board of directors?
proprietorshipA business owned and run by just one person?
franchiseA written contract granting permission to operate a business to sell products and services in a set way?



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