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Develop an entrepreneurial skills by requiring to prepare a business plan using technology for new venture, existing business or new and innovative products.
Which of the following is/are the Cultural Diversity of Entrepreneurship?
They sell a commodity product to the companies in it.
which of the following is/are the Elements of Marketing Strategy?
Left brain dominated people tend to be more logical and analytical in their thinking and usually excel at mathematics and word skills.
A written summary of an entrepreneur’s proposed business venture, its operational and financial details, its marketing opportunities and strategy, and its managers’ skills and abilities.
which of the following is/are the Elements of a Business Plan?
In General Partnerships, each partner can co-own assets and share profits.
which of the following is/are Strategic Management Process?
which of the following is/are the Advantages of Buying a Business?
There are some negative attributes of buying a franchise and those include?
Which of the following is/are the Characteristics of Entrepreneurs?
Don’t be in such a hurry to close the deal that you end up giving up much of what you hoped to get.
Which of the following is/are the main forms of business organization?
Entrepreneurs are paralyzed by the prospect of failure.
Number of competitors is large or few (less than 5).
Which of the following is/are the benefits of franchising?
The practice of gathering, organizing, and disseminating the collective wisdom and experience of a company’s employees for the purpose of strengthening its competitive position.
Which of the following is/are the Benefits of Entrepreneurship?
Entrepreneurs tend to exhibit __________ .
Most entrepreneurs turn to family members and friends for _________ .
Franchises will be “all the same”.
Which of the following is/are the types of franchising systems?
The business organization in which a franchisor supplies the product concept to the franchisee, who sells the goods or services.
People who rely more heavily on the right half of their brain tend to be more imaginative and intuitive.
The company’s target markets and the benefits its product or service will provide.
The aggregation of factors that sets a company apart from its competitors and gives it a unique position in the market that is superior to its competition.
Which of the following is/are the Drawbacks of Entrepreneurship?
Formed by people with similar interests, such as customers and suppliers.
Quality _____ products are not readily available and the prices of which are not lower.
Which of the following is not a disadvantage of sole proprietorship?
which of the following is/are the Elements of a Feasibility Analysis?
The qualification of the founders and/or key employees and the key financial highlights.
Overview of industry or market segment.
It protects business buyer from the claims unpaid creditors might have against a company’s assets.
Existing or anticipated profitability of the industry.
Proving that a profitable market exists by showing customer interest and documenting market claims.
Why would a new business venture choose not to operate as a partnership?
It involves developing a game plan to guide a company as it strives to accomplish its mission, goals , and objectives, and to keep it on its desired course.
Franchises will be economical.
Why would a new business venture choose to operate as a partnership?
It is a road map of the actions an entrepreneur draws up to achieve a company’s mission, goals, and objectives.
Remain calm during the negotiation.
The combination of 2 or more firms to form a new company, which often takes a new corporate identity.
Which of the following is not an advantage of sole proprietorship?
Franchises will be safer and will not fail.
Franchises will be more successful based on its size.
What Lenders and Investors Look for in a Business Plan?
The switching costs to competitors is high and their numbers is large.
Examine the needs of both parties and all of the relevant external factors affecting the negotiation before you sit down to talk.
A legal entity with an existence and life separate from its owners, who therefore are not personally liable for its debts.
Two or more companies form an alliance to pursue a specific project, usually for a specific time period.
The contract in which a business seller agrees not to compete with the buyer within a specific time and geographic area.
Franchises will be a business “I” can run things the way “I” want to.
Positive internal factors a company can draw on to accomplish its mission, goals, and objectives.
An original, functional model of a new product that entrepreneurs can put into the hands of potential customers so they can see it, test it and use it.
It is a written expression of how the company will reflect an entrepreneur’s values, beliefs, and vision – more than just “making money.”
which of the following is/are the Disadvantages of Buying a Business?
Negative internal factors that inhibit a company’s ability to accomplish its mission, goals, and objectives.
According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as likely to start a business as women.
which of the following is/are aspects of a small company?
which of the following is/are the steps of Acquiring a Business?
The creditors’ claims against an asset.
The barrier/s of creativity is/are the following:
Successful entrepreneurs learn to fail intelligently.
One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on them.
It refers to something new or to a change made to an existing product, idea, or field.
Franchises will be a business anyone can do.
In General Partnerships, each partner is individually liable for all debts and contracts of the partnership.
Which of the following is/are an advantage/s of Limited Liability company?
One of the primary reasons for interest in a franchise system is that the franchisee is able to tap into the proven experience and guidance that the franchise offers.
Negative external factors that inhibit the firm's ability to accomplish its mission, goals, and objectives.
In Limited Partnerships, the dormant partners’ do not participate actively in the firm’s operations.
It is the result of an entrepreneur’s dream of something that does not exist yet and the ability to paint a compelling picture of that dream for everyone to see.
Company’s general business goals and the company’s immediate objectives.
Franchises will be taking care of my business problems.
A clearly defined vision __________ .
It involves generating something from nothing.
The process of determining whether an entrepreneur’s idea is a viable foundation for creating a successful business.
Any activity which is undertaken with an intention to earn profit is called __________ .
The company’s business model and basis for competitive edge.
Description of production process, strategic raw materials, sources, costs.
Franchises will enable the owner to be removed from day–to–day management.
In Limited Partnerships, each partner is controlled by one or more general partners who have unlimited liability.
In Limited Partnerships, the dormant partners’ liability is limited to their investment.
Failure is a natural part of the creative process.
The buyer’s ability to assume rights under seller’s existing contracts.
According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are most likely to launch businesses when they are between the ages of 35 and 44.
One characteristic of entrepreneurs that stands out is __________ .
Advantages of economic scale are not present and the capital requirements to enter are low.
The step/s to consider in buying a franchise is/are _____ .
Entrepreneur can stimulate their own creativity and encourage it among workers by:
Which of the following is/are disadvantage/s of Limited Liability company?
Choose a form of organization by evaluating _____ .
Franchises will be able to have improvement potential.
Franchises will be the cheapest business option.
It is the ability to create new and useful ideas that solve problems and challenges people face everyday.
Positive external factors the company can exploit to accomplish its mission, goals, and objectives.
Which of the following is/are the Deadly Mistakes of Entrepreneurship?
The purchase of a corporation by another corporation or investment group.
The benefits of franchising have proven to have a positive impact on the success rate of franchises, beginning in the first year of operation, compared to nonfranchise ventures.
which of the following is/are the Elements of a Business Plan?
Leaders of innovation has identified the following secrets for Leading Creativity:
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