What is the primary value of a plan?
a. It records the answers to questions.
b. It helps one take the first steps toward building a new venture.
c. It helps crystalize one’s thoughts.
d. all of these
d. all of these
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Which of the following would most likely enable Just Candles to recapture their previous customers and gain new customers?
A) Just Candles could lower their prices on less popular candles to create "loss leaders" that would induce new customers to purchase regularly-priced candles from them. B) Just Candles could shut down their retail location to cut overhead and move their business to the Internet, where they could charge lower prices and compete with other online candle retailers. C) Just Candles could send out a mailing to all their customers reminding them that they carry a full line of candles. D) Just Candles could move their store to a more visible and expensive location in the mall. E) Just Candles could announce a "candle of the month" program to discount candles that traditionally haven't sold as well as their other candles.
In job order costing, which of the following types of costs is usually the most difficult to trace to a product?
A) Labor cost of machine operator B) Labor cost of factory supervisor C) Wood used to build custom furniture D) Rubber used in tire manufacturing
Market research should be an integral part of your business.
Answer the following statement true (T) or false (F)
Entrepreneurs with a drive to achieve want to
a. compete. b. watch others succeed. c. take great risks. d. control and dominate.