Question 1

Which type of business has a production process?
A) manufacturing
B) technology
C) retail
D) all of these

Accepted Answer

All businesses have a production process.

Question 2

If a new business is to compete against McDonald's, it will have to have similar _________ and _________ of offerings.
A) quality; quantity
B) type; quantity
C) kind; quality
D) none of these

Accepted Answer

If a new business is to compete against McDonald's, it will have to have similar quality and quantity of offerings.

Question 3

During the initial start-up period, an owner will need more _________ than expected.

Accepted Answer

The answer of During the initial start-up period, an owner...

Question 4

Why is it important for a new small business to go to the trouble of establishing legitimacy? List at least five methods a new business owner can establish legitimacy.

Accepted Answer

The answer of Why is it important for a new...

Quiz 12: Establishing Operations

Which type of business has a production process?

If a new business is to compete against McDonald's, it will have to have similar _ and _ of offerings.

During the initial start-up period, an owner will need more _________ than expected.

Why is it important for a new small business to go to the trouble of establishing legitimacy? List at least five methods a new business owner can establish legitimacy.