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Practice Exam
1. What is a main benefit to a sole proprietorship?
They are protected from lawsuits
Can pay themselves a profit
They have lots of meetings
None of the above
2. A marketing plan may help you identify your strengths and weaknesses in the marketplace.
True
False
3. You should build a supplier list as you get started.
True
False
4. What kinds of suppliers should you place on your list?
Exercise equipment
Space management
Personal trainers
All of the above
5. What are some factors you should consider when assessing marketing opportunities?
Location of your gym
Location of competitive gyms
Services you offer
All of the above
6. What is an example of a specialty class?
Functional training for seniors
Golf fitness
Ski training
All of the above
7. It is much easier to bring in a client than keep one.
True
False
8. Which of these business structures is considered a legal entity?
Sole proprietorship
Partnership
Corporation
All of the above
9. What are some advantages to hiring independent contractors as personal trainers?
They maintain their own liability insurance
They may bring their own equipment
You can bring them in for short term contracts if needed
All of the above
10. What are some common reasons people leave a gym?
Cost
Move from the area
Lack of time
All of the above
Grade Exam
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