Based upon his finding, which approach might be less stressful for the entrepreneur to have her own business? - Correct Answer Buy an existing business that is already successful
Based on the scenario provided, what would be emphasized in marketing to attract customers? - Correct Answer Loca...
Gmetrix entrepreneur test || ANSWERED
Based upon his finding, which approach might be less stressful for the entrepreneur to have her own
business? - Correct Answer Buy an existing business that is already successful
Based on the scenario provided, what would be emphasized in marketing to attract customers? - Correct
Answer Location
The entrepreneur decides to begin advertising his services in this community. Which would be
emphasized in marketing to attract customers to his new business? - Correct Answer Lower prices
Which is the greatest benefits of entrepreneurship? - Correct Answer Being your own boss
Which are three risks of entrepreneurship? - Correct Answer Financial insecurity, potential business
failure, long hours
Which benefit of entrepreneurship will Gabe most enjoy? - Correct Answer Autonomy- the freedom to
make his own rules, hire his own employees, and set his own schedule
What is a primary benefit of starting a new business without purchasing a franchise or buying an existing
business - Correct Answer Developing your own rules
Given the facts provided, which opportunity would be the best choice for the motorcycle mechanic to
open a business? - Correct Answer Start a new business and invest $50,000 in modern diagnostic tools
Which opportunity for starting a leather craft business would have the highest probability for success? -
Correct Answer Build a online storefront
Which customer group all this new auto mechanic business support? - Correct Answer Businesses
Which method of segmentation is the owner using? - Correct Answer Geographic
, Which two initiatives meet this objective? - Correct Answer Offering a list of references from other
parents, providing live web cams parents can access from the internet by using a secure log on.
What is a legitimate value proposition for potential customers? - Correct Answer Providing extended
hours to pickup and drop off pets before and after work
Which two groups benefit the most from a well written business plan? - Correct Answer Business
owner, investors
Which of the following should be addressed in the description section of a business plan? - Correct
Answer Target markets
Match the business legal structures to its unique characteristic - Correct Answer Sole proprietorship-
easy to setup, but has unlimited liability
General or limited partnership- terminated upon death of partner
C cooperation- double-taxed, but best for international businesses
S cooperation- similar to C cooperation, but taxed at a lower rate
Nonprofit cooperation- owned by no one, pays no U.S federal tax
Limited liability company- best for single member seeking low risk
What is the amount of start up capital the partners will need to open the awning repair business? -
Correct Answer $84,920
Equipment lease is $3000 x 2 months=$6,000 materials and supplies is $20,000 x 2 months=$40,000
licensing is $200 payroll is $12,000 x2 months =$24,000 advertising is $1,000 x2 months ect.
Before opening the 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 handling safety? - Correct Answer
Certificate
How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2
year term(future value of loan)? - Correct Answer $1, 102.50
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victoria108. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
