Gmetrix entrepreneur test Questions And Answers Rated A+ New Update Assured Satisfaction
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Gmetrix entrepreneur
Institution
Gmetrix Entrepreneur
Based upon his finding, which approach might be less stressful for the entrepreneur to have her own
business? - Answer-Buy an existing business that is already successful
Based on the scenario provided, what would be emphasized in marketing to attract customers? -
Answer-Location
The entreprene...
Based upon his finding, which approach might be less stressful for the entrepreneur to have her own
business? - Answer -Buy an existing business that is already successful
Based on the scenario provided, what would be emphasized in marketing to attract customers? -
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? - Answer -Lower prices
Which is the greatest benefits of entrepreneurship? - Answer -Being your own boss
Which are three risks of entrepreneurship? - Answer -Financial insecurity, potential business failure, long
hours
Which benefit of entrepreneurship will Gabe most enjoy? - 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 - Answer -Developing your own rules
Given the facts provided, which opportunity would be the best choice for the motorcycle mechanic to
open a business? - 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? -
Answer -Build a online storefront
Which customer group all this new auto mechanic business support? - Answer -Businesses
Which method of segmentation is the owner using? - Answer -Geographic
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Which two initiatives meet this objective? - 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? - 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? - Answer -Business owner,
investors
Which of the following should be addressed in the description section of a business plan? - Answer -
Target markets
Match the business legal structures to its unique characteristic - 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? -
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? - 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)? - Answer -$1, 102.50
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