Long Quiz Flashcards
Refer to negative internal characteristics that might inhibit or restrict the organizations performance
Weaknesses
The process of selecting from the list of ideas and possible opportunities to be pursued.
Informal Screening
A business format similar to licensed business operations.
Franchising
The owners of a corporation are called ______
Stockholders
This is where you register your business if it is a single proprietorship
DTI
It is where an independent entrepreneur, company, or individual enters into an agreement or contact to offer, sell or distribute a particular product, but is not entitled to use the manufacturer’s trade name
Distributorship
A buy and sell transaction that can happen in store house, showroom and etc.
Trading or product-based business
Refer to positive characteristics that the organization can exploit to achieve its goals
Strengths
It affects the purchasing ability of the consumer and the business cost of capital.
Economic factors
This includes factors or conditions in the environment which can affect the business you are planning to set up.
Environmental analysis
The easiest form of protection to intellectual property rights.
Copyright
They are businesses activity or enterprise engage in industry, agribusiness and or services that has and asset up to 100 million and employee size with less than 200 employees.
MSMEs
Indicate technological advancement, research and development.
Technological factors
This gives the inventor exclusive legal rights to exclude anyone else from manufacturing, selling, importing, or using an invention.
Patent
It is concerned with the efficient use or management of limited productive resources to achieve maximum satisfaction of human material wants
Economics
