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