Foods 2 - Obj 12.04

What must a business obtain before it can open?
1. Business permit
2. Lease agreement
3. Profit margin
4. Trademark
Why is it important to use quality products from a reputable dealer?
1. Cost
2. Loss factor
3. Principal
4. Stock turnover
What is the purpose of a financial plan for a business?
1. Identify management and employee responsibilities.
2. Identify potential customers.
3. Identify the name and location of the proposed business.
4. Provide projected financial statements.
If a price is reduced, what must happen to continue to break even?
1. Conduct market feasibility study
2. Sell fewer items
3. Sell more items
4. Sell to new customers
The Foods II class was unable to fill all orders for holiday candy they made. What should be evaluated?
1. Financials
2. Marketing
3. Operations
4. Standards
If customers are unhappy with the packaging of the product produced by the Foods II class, what should be evaluated?
1. Financials
2. Marketing
3. Operations
4. Standards
If the Foods II class lost money on their project but all products were sold, what should be evaluated?
1. Financials
2. Marketing
3. Operations
4. Standards
The Foods II class made many loaves of bread, but only a few were sold. What should be evaluated?
1. Financials
2. Marketing
3. Operations
4. Standards
The Foods II class prepared 25 dozen cookies, but no one came to purchase them. What should be evaluated?
1. Financials
2. Marketing
3. Operations
4. Standards