Discuss at least three major management challenges associated with entrepreneurship. Include strategies to overcome the difficulties.
What will be an ideal response?
Student answers will vary, but should demonstrate understanding of common entrepreneur management challenges. Some management challenges include the fact that entrepreneurs might not enjoy having to "do it all," which can be overcome by learning new skills; survival is difficult, which can be offset by making key decisions with great care; and the challenge of business growth, which can be offset by keeping a high-value business model and providing great customer service.
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Which of the following is true of performance evaluation reports?
A) Performance evaluation reports help service organizations determine inventory balances. B) Both external and internal users use performance evaluation reports. C) They are prepared before establishing the selling price of a product. D) Their modification will increase product sales.
Which scale is BESTto measure the increase in book sales for the past year?
a. Nominal b. Ordinal c. Interval d. Ratio
Which sentence uses pronouns correctly?
A) ?As Americans listened to the congressional hearing on terrorism, they considered the impact on U.S. foreign relations. B) ?The finance department requested travel receipts from you and I before processing our expense vouchers. C) I hope that your prepared to participate on the budget planning team and any related subcommittees.
Sales and profits usually move together over time during the product life cycle.
Answer the following statement true (T) or false (F)