Entrepreneurship and Small Business

Flexibility correct answers Ability to adapt, willingness to change Courage correct answers Takes risks in spite of possible losses Empathy correct answers Sensitive to thoughts and feelings of others What are three characteristics of entrepreneurs? correct answers Creativity, Determination...

Ophelia runs a local seamstress business. Ophelia is losing customers to a competing business. Upon sending an employee over to check out the competition, Ophelia discovers the competitor's turnaround time is double her turnaround time. What should Ophelia's new marketing strategy be to woo back h...

After doing a self-assessment, Peter realizes he wants to start a plumbing business, but doesn't want to risk alot of his own money. What would be his best option? correct answers Purchase an existing business Besides defining strengths and weaknesses, what is the other main factor determined du...

Online Networking correct answers Each day, Donnie posts the progress of her new building to Facebook as a countdown to opening her business. What type of networking is Donnie using? Increase of service correct answers Ophelia discovers her competitor's turnaround time is double her turnaround t...

Research Process correct answers Question, design, findings, publishing True Experiment correct answers designs in which the researcher manipulates ALL independent variables; total control over who's in what group Quasi Experimental Design correct answers designs in which random assignments c...

The owner of a mobile food truck plans to sell tacos , hamburgers, and other foods to employees in a large office complex . Before opening his business , the owner will most likely need to obtain which of the following documents from each employee to verify they have completed a course in food handl...

B2B correct answers A business-to-business (B2B) commercial transaction between businesses B2C correct answers A business-to-consumer (B2C) transaction Brand recognition correct answers The level of familiarity one has with a brand Business Opportunity correct answers A situation an entrepr...