Exam (elaborations)
Gmetrix test 2 (1).
Exam of 4 pages for the course ACP drugs at ACP drugs (Gmetrix test 2 (1).)
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Gmetrix test 2Successful entrepreneurs... - ANS-Adaptable , resposnible, tenacious
Which characteristic might cause Kim's business to fail? - ANS-Kim lacks enthusiasm for the
business
Based upon his finding, what should this entrepreneur do? - ANS-Enroll in a beginning level
business accounting course at a local community college
Match each type of networking w it's opportunity for info sharing - ANS-Your
industry-participation in a specialized trade show
Local community- attendance at a chamber of competence event
Online communities- posting on twitter or LinkedIn
Face to face acquaintance- having convos including one sentence elevator speech
Which two competitive factors are being addressed by this business opportunity? - ANS-Service
and quality
Which is one of the greatest risks of entrepreneurship? - ANS-Loss of money
Which are the two greatest benefits she might experience by Turing her hobby into a successful
business? - ANS-Making her own rules, satisfaction
What is a primary drawback of starting a new business without purchasing a franchise or buying
and existing business? - ANS-Greater chance the business will fail
Which two are advantages of buying a franchise? - ANS-Branding and marketing assistance
Which opportunity for staying a florist business would have the highest probability of success? -
ANS-Buy and existing florist business and enhance it
Which opportunity for starting a photography business would have the highest probability of
success? - ANS-Setup a studio with a gallery of sample photography
Match each method of segmentation to its potential customers - ANS-Geographic- owners of
homes in older neighborhoods
Behavioral- homeowners who respond to promotional discounts
Demographic- homeowners with higher incomes
Psychographic- homeowners who like modern decor and conveniences
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