The difference between a C Corp and an S Corp is
A. Only a C Corp has a board of directors.
B. All companies must start as C Corps and become S Corps.
C. The tax code that each uses is different.
D. The personal assets of a C Corp owner belong to the business.
When using price competition, a business does not want to have the most expensive product on the market.
A. True
B. False
Understanding the target market will hep determine other aspects of the business, such as the location.
A. True
B. False
Under what circumstances might a business plan include a funding request for working capital?
A. It is just starting out.
B. It is earning significant profit.
C. The owner has saved significant funds.
D. The business will begin earning money immediately
