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please help with these questions! thank you. 1. The two most predominate trends in the pet industry are: a. Luxury products and Made in the

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1. The two most predominate trends in the pet industry are: a. Luxury products and Made in the USA b. Pet humanization and luxury products c. Natural products and pet humanization d. Natural products and Made in the USA 2. You and business colleague have decided to open a dog daycare. She will run the administration side of the business and you will work directly with the dogs. Which legal entity best describes this arrangement? a. Limited Liability Partnership b. General Partnership c. Joint Venture d. S-Corporation 3. Which of the following is an advantage of a sole proprietorship? a. Unlimited liability b. Complete operational control c. Funding challenges d. Ease in attracting employees 6. A business plan does NOT contain the following component(s): a. Financial statements b. Marketing analysis c. Executive summary d. Facility design plans e. Company description f. a&c g. a&d 7. A business plan executive summary should include owner name(s) and experience, and a a. mission statement b. competitive analysis c. market analysis d. industry outlook Clear 8. Before you can determine your market share, you must first a. Create a detailed budget b. identify current pet industry trends c. create a list of competitors d. identify your target market Clear 9. After identifying current and potential competitors, you should: a. Assess the quality of their employees b. Examine their pricing structures c. Make a list of their facility and location attributes d. Review their website and social media pages e. All of the above f. None of the above

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