What types of information might an entrepreneur needs in regards to manufacturing operations?
What will be an ideal response?
Location. The company's location and its accessibility to customers, suppliers, and distributors need to be determined.
Manufacturing operations. Basic machine and assembly operations need to be identified, as well as whether any of these operations would be subcontracted and to whom.
Raw materials. The raw materials needed and suppliers' names, addresses, and costs should be determined.
Equipment. The equipment needed should be listed, with its cost and whether it will be purchased or leased.
Labor skills. Each unique skill needed, the number of personnel required for each skill, pay rate, and an assessment of where and how these skills will be obtained should be determined.
Space. The total amount of space needed should be determined, including whether the space will be owned or leased.
Overhead. Each item needed to support manufacturing-such as tools, supplies, utilities, and salaries-should be determined.
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Organic Foods International has decided to increase its market share by hiring a marketing rep to visit businesses in the area and invite their employees to shop at Organic Foods and attend monthly health events that take place at Organic Foods stores. Each of the individual stores has hired two new employees to handle the anticipated increase in customer traffic. Organic Foods is using a _____ strategy.
A. cutting-edge B. stability C. defensive D. growth E. diverse
Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is, he spends too much time reviewing endless reports and is reluctant to make decisions. Bob most likely suffers from ________.
A. Information overload. B. Data gridlock. C. Discretionary information. D. Data redundancy.
List the seven deadly sins of business selling.
What will be an ideal response?
Which of the following statements about early environmental damage and responses is accurate?
a. The Industrial Revolution began to cause noticeable environmental damage by the mid-1800s. b. The earliest opposition to human-caused environmental damage came from citizens. c. Early environmental protection usually began with top-level government directives. d. Environmentalism was relatively late in coming to the United States.