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Question
Gross profit. The results of revenue minus COGS.Answer
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Related questions
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Why is it not a good idea to tell investors in your business plan that your exit strategy is simply "to take the business public"?
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A) the owner will have to look for buyers in the general public
B) it will prevent employees from having control of the company
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Describe three simple methods that can be used to estimate a selling price for a business:
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One of the methods for computing a company's valuation is called the market-based technique. This means to look at a company as assets minus liabilities.
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What is franchising and how is it different from licensing?
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Which of the following is not a benefit of franchising to the franchisor?
A) growth with minimal capital investment
B) higher marketing and promotional costs
C) royalties
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Explain replication strategies and harvesting and how they differ.
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A) better business regulations
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A) 50 -100
B) 50 - 200
C) 10 - 50
D) 250 - 1000
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A) line
B) staff
C) flat
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Why is it important for an entrepreneur to pay him/herself regularly in a consistent manner out of the business's earnings?
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A pacesetting style of leadership consists of a leader who sets very high personal performance standards and challenges employees to meet them too.
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No matter the size of a business, the leader sets the ________ for how the organization operates. If the leader is chaotic, chances are the business will be too. If the leader is well organized and efficient, the business may well be too.
A) asset optimization
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If a business owner wants his/her pay to be a variable operating cost, a ________ is most appropriate.
A) bonus
B) wage
C) salary
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The central focus of total quality management (TQM) is continuous improvement.
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________, an American economist, argued that business should focus on making quality products instead of maximizing profits - and that profit would follow.
A) Conrad Hilton
B) W. Edwards Deming
C) Paul Samuelson
D) Adam Smith
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What organization administers the Malcolm Baldrige National Quality Award?
A) United Nations (UN)
B) National Aeronautical and Space Administration (NASA)
C) National Institute of Standards and Technology (NIST)
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________ are three of the eight quality management principles for organizational improvement.
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Engineers from what company developed Six Sigma in the 1980s?
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The visual control approach to inventory management is a scientific method.
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B) register your business name
C) protect all your intellectual property
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A) arbitration
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A good contract will spell out ________, or unforeseeable "acts of God" beyond anyone's control, for which neither party is responsible.
A) contingencies
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________ are the building blocks of business.
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