Chapter 6 Review

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Across
  1. 3. A regular, ongoing payment that is based on a percentage of sales a franchise earns.
  2. 6. A thought process that involves looking at a situation or object in new ways.
  3. 9. A statement of your business goals, the reasons you think these goals can be met, and how you plan to achieve them.
  4. 10. The value of what you will give up to get something.
  5. 12. A business you start from _______________ has the most entrepreneurial freedom.
  6. 13. Intended audience for the oral presentation type of business plan.
Down
  1. 1. Deciding if your business is going to be a sole proprietorship or a partnership describes your type of business ______________________.
  2. 2. Carefully considering the potential costs and benefits.
  3. 4. This type of business plan is meant for use within the business only.
  4. 5. The period of time you have to act before the opportunity is lost.
  5. 6. A logical thought process that involves analyzing or evaluating a situation or object.
  6. 7. A one or two page summary of highlights, including the key selling points of the investment opportunity.
  7. 8. Someone who is licensed to sell businesses.
  8. 11. Concept, customer, and ________________ form "The 3 C's".