Identify the most common reasons why business plans fail.
What will be an ideal response?
A. Goals set by the entrepreneur are unreasonable.
B. Objectives are not measurable.
C. The entrepreneur has not made a total commitment to the business or to the family.
D. The entrepreneur has no experience in the planned business.
E. The entrepreneur has no sense of potential threats or weaknesses to the business.
F. No customer need was established for the proposed product or service.
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Marketing strategies of firms should not consider the ethnic and racial diversity existing in their markets
Indicate whether the statement is true or false
In experimental designs an R stands for:
A) restricted use of complex variables B) random assignment of research subjects (e.g. stores) to groups (experimental and control) C) random assignment of treatments to either the independent or the dependent variables D) the reliable variable E) There is no R in experimental design terminology.
The Health Care Reform Act prohibits insurers from establishing an annual spending cap for benefit payments
Indicate whether the statement is true or false
Which of the following about a patent is true?
A) It protects the idea and not the expression. B) It protects the expression and not the idea. C) It does not come into existence when the article is first made. D) Both A and C E) Both A and B