The results of a profile analysis enable the entrepreneur to judge
a. himself or herself.
b. the competition.
c. the business potential.
d. venture capital opportunities.
ANSWER: c
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Once Starbucks established its presence in thousands of cities internationally, the company sought to increase the number of purchases by existing customers with a ________ strategy that led to new in-store merchandise, including compilation CDs and
high-speed wireless access. A) product-development B) market-penetration C) diversification D) market-development E) conglomerate
Explain the social causes of aggression.
What will be an ideal response?
Andrea is a real estate agent; however, she does not have a license as required by statute
Andrea sells a piece of property for George, but George refuses to pay her the agreed commission. Andrea sues George. What results? A) If the licensing statute is a regulatory statute, Andrea cannot collect her commission. B) If the licensing statute is a revenue raising statute, Andrea cannot collect her commission. C) No matter what kind of statute, Andrea can collect her commission. D) No matter what kind of statute, Andrea cannot collect her commission.
Answer the following statement(s) true (T) or false (F)
16. There is no time limit for trying to raise funds through Kickstarter. 17. Indiegogo is the largest global crowdfunding site. 18. Bootstrapping and starting slowly enables entrepreneurs to avoid any and all risk. 19. Backers invest solely on the merits of a product rather than their impression of the entrepreneur involved with the product. 20. The first step entrepreneurs should take before starting a crowdfunding campaign is to begin manufacturing the product.