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Starting a Business: Fact or Fiction

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Starting a Business: Fact or Fiction

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Facts about starting a business

Created by

Sugar Ann A. Aday
Sugar Ann A. Aday
Philippines

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Starting a Business: Fact or Fiction
 

Starting a Business: Fact or FictionOnline version

Facts about starting a business

by Sugar Ann A. Aday
1

All businesses are service-type operations.

2

A service business renders services.

3

Franchising means you start a business with no existing brand or model.

4

A continuous manufacturing equals intermittent or job order production.

5

A retailing operation purchases goods from manufacturers to sell in bulk to other businesses.

6

A start-up enterprise is a newly formed company established from scratch.

7

Franchising licenses a trademark, trade name, and methods of doing business to others.

8

A manufacturing venture produces items from raw materials to be sold.

9

Hybrid business could be classified in more than one type of business.

10

Wholesaling is the same as retailing.

 
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