Rent 2 Own Trailers - Food Truck 101 Quiz

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* 1. Email Address:

Email Address

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* 2. First Name

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* 3. Last Name

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* 4. According to industry statistics, what is the minimum average of sales per month that a food trailer can bring in?

$8,000 a month

$15,000 a month

$40,000 a month

$5,000 a month

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* 5. Which of the following statements is true about licenses and permits?

Permit and Licensing requirements are the same across all states.

State, county and city permits are the same.

In some states, permit and licensing requirements vary between cities.

Commissaries operate in the same way in all states.

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* 6. Portion control refers to:

The amount of money you set aside for ingredients for what you sell on your food trailer.

The amount of orders you can sell on any given day.

The amount of each ingredient you use to prepare an item on your menu.

The amount of items you can use your ingredients with.

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* 7. What is the breakeven point when running a food trailer?

The sales needed to cover all expenses and the costs of the food and supplies associated with making those sales.

The point where partners on a trailer can split revenue.

The amount of money needed to pay for ingredients.

The amount of sales needed to cover your labor costs.

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* 8. True or False: It is better to constantly change suppliers in order to find better pricing and deals rather than establishing a long-term relationship.

True

False

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* 9. POS stands for:

Point of Stability: The moment when the business is stable.

Point of Sale: A system used to process and charge your sales.

Parking on Street: Permit required to park on the street.

Price of Supply: The price your supplies have within the breakeven point formula.

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* 10. Which of the following statements best describes the Marketing approach you should have with a Food Trailer?

Social media is the only thing you need to focus on for marketing. You do not need a website.

Exterior signage of the trailer is not important if you have social media.

Community involvement is an extra expense and does not help drive new customers.

Social media, signage, great brand and trailer design and community involvement are all important aspects of marketing.

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* 11. Which of the following is not part of a business plan?

Business Mission

Marketing Activities

Your Recipes

Start Up Expenses and Assets