Entrepreneurship U2

entrepreneurship-u2

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Question 1 of 1

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What is common among this group of terms? Copyright, environmental stewardship, business registration, open innovation.

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Explanation

Legal aspect of business include business registration, protection of intellectual property, International standards, environmental stewardship

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Term used to describe the process of formalizing your venture

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Explanation

To formalize a business one must seek to register the venture with the relevant agency.

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When a product is checked for the possibility of its success based on inside and outside factor we call this a

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Explanation

The feasibility study looks at both Internal and external factors which may support or deter the success of the venture.

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Feasibility study which looks at the machines available speaks to

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Explanation

Technical feasibility looks at the technical abilities of the venture to include machines, special skills and procedures

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patents are used to protect logos

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Explanation

Logos are protected under trademark act. Patents are used to protect inventions.

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Trademarks are very useful in building a brand

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Trade secrets give a competitive advantage to a business

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Explanation

This is indeed true as Trade Secrets have allowed businesses like KFC to maintain a competitive advantage in the market

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Best form of venture to avoid double taxation

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Explanation

The sole trader business is treated as one and the same as the owner. Therefore only one tax is charged on profits.

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Venture which is most likely to survive because of goodwill

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Explanation

The goodwill is transferable in the franchise arrangement.

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Process of using only the ideas of insiders in the process of innovation

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Explanation

Closed Innovation is a process whereby only the ideas of persons within the organization are used to innovate.

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Initial Public Offering refers to the first time a business offers to sell shares to the public.

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Shareholders run the Public Limited company

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Explanation

Public Limited companies are run by a board of directors who are elected by the shareholders.

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An AGM is held bi-annually

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Explanation

AGM which means Annual General Meeting is held Annually

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Process used to solve problems within an organization

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Explanation

Grievance procedure is used to ensure that a grievance is properly aired and handled.

Entrepreneurship U2

Question 1 of 1

Time Left

What is common among this group of terms? Copyright, environmental stewardship, business registration, open innovation.

Select the correct answer(s).

(0/0)

Explanation

Term used to describe the process of formalizing your venture

Fill in the blanks

(0/0)

Explanation

When a product is checked for the possibility of its success based on inside and outside factor we call this a

Select the correct answer(s).

(0/0)

Explanation

Feasibility study which looks at the machines available speaks to

Select the correct answer(s).

(0/0)

Explanation

patents are used to protect logos

Select the correct answer(s).

(0/0)

Explanation

Trademarks are very useful in building a brand

Select the correct answer(s).

(0/0)

Trade secrets give a competitive advantage to a business

Select the correct answer(s).

(0/0)

Explanation

Best form of venture to avoid double taxation

Select the correct answer(s).

(0/0)

Explanation

Venture which is most likely to survive because of goodwill

Select the correct answer(s).

(0/0)

Explanation

Process of using only the ideas of insiders in the process of innovation

Select the correct answer(s).

(0/0)

Explanation

Initial Public Offering refers to the first time a business offers to sell shares to the public.

Select the correct answer(s).

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Shareholders run the Public Limited company

Select the correct answer(s).

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Explanation

An AGM is held bi-annually

Select the correct answer(s).

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Explanation

Process used to solve problems within an organization

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Explanation

The purpose of the trade union is

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