The Festina dive watch is sold in a package of water to demonstrate that the watch is, indeed, waterproof. This packaging relates to the function of:
A) attracting buyer attention.
B) protecting the product.
C) providing product information.
D) improving design or function.
E) better serving customers needs.
Question 2 - Joan is opening a home-based craft business where she makes high-end greeting cards and sells them on Etsy. Because this will remain a small and simple business, she'll most likely form a:
A) sole proprietorship.
B) corporation.
C) partnership.
D) joint venture.
E) licensing agreement.
Question 3 - Federal regulations require manufacturers to post a use-by date on all packages of infant formula. Which function of packaging does this illustrate?
A) Protecting the product
B) Attracting buyer attention
C) Better serving customer needs
D) Providing product information
E) Improving design or function
Question 4 - A growing pizza restaurant was originally formed as a sole proprietorship because it was based on the owner's family recipe. The restaurant has become so popular that several wealthy people have inquired about investing money to help the business open more locations. If the owner had known there would be an opportunity to sell shares of the company in exchange for investment capital, he would have chosen a(n):
A) syndicate.
B) LLC.
C) partnership.
D) joint venture.
E) corporation.
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