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