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5 Written questions

5 Matching questions

  1. total quality management (TQM)
  2. commerical businesses
  3. franchise
  4. manufacturing firms
  5. entrepreneur
  1. a businesses that produce goods
  2. b a person who starts, manages, and owns a business
  3. c a legal agreement between a company and a distributor to sell a product or service under special conditions
  4. d firms engaged in marketing, in finance, and in furnishing services
  5. e a commitment to excellence that is accomplished by teamwork and continual improvement

5 Multiple choice questions

  1. all businesses within a category
  2. products made by firms in the United States
  3. countries that are underdeveloped, have few manufacturing firms, and have large numbers of poor people who possess few goods
  4. involves making a product or providing a service
  5. intangible products that result from a high degree of labor input and that satisfy consumer needs

5 True/False questions

  1. global competitionthe ability of profit-making organizations to compete with other businesses in other countries

          

  2. franchiseea legal agreement between a company and a distributor to sell a product or service under special conditions

          

  3. intrapreneura person who starts, manages, and owns a business

          

  4. downsizedeals with all money matters related to running a business

          

  5. ESOPrefers to the number of similar products that will be offered for sale at a particular time and at a particular price

          

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