What role does a business plan play for a global entrepreneur?
What will be an ideal response?
A business plan is used primarily to obtain financial resources for an entrepreneurial venture from a variety of potential investors. It outlines the opportunities available in the market and how that business will take advantage of them. It also details the steps and plans that the business will undertake in order to guide entrepreneurs and managers in their business decisions. Overall it will help to show that an entrepreneur has fully thought through, researched, and examined a potential market and has then developed a strategy to make a financially viable operation succeed over a given period of time.
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Which one of the following statements is true of listening?
A. It does not play a significant role in quality customer service. B. Most people take the listening skill for granted. C. It is a passive physiological process of receiving sound waves and transmitting them to the brain, where they are analyzed. D. It is synonymous with hearing.
If married and unmarried women respond similarly to a sale on perfume, these hypothetical segments fail the ________ criterion for useful market segments
A) measurable B) substantial C) accessible D) differentiable E) actionable
Principal components analysis is appropriate when the primary concern is to identify the underlying dimensions and the common variance is of interest
Indicate whether the statement is true or false
Group interviews can help employers evaluate leadership skills and communication styles
Indicate whether the statement is true or false