Describe the major management challenges associated with entrepreneurship.
What will be an ideal response?
As an entrepreneur, one is likely to face several common challenges that one should understand before one faces them, and then manage effectively when the time comes. They include:
• Entrepreneur may not like it.
• Survival is difficult.
• Growth creates new challenges.
• Delegation may be difficult.
• Funds may be misused.
• Controls may be poor.
• Entrepreneur may die (mortality).
• Going public creates challenges.
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Describe in words the relationships established in the two equations used by the Federal Reserve to forecast the demand for M2.
What will be an ideal response?
Troma Inc, is a famous manufacturer of cookware, that follows a traditional distributor-retailer system to distribute its products. The company abstains from the use of automated supply chain management (SCM) system mainly due to the fear of unknown
However, rapidly escalating operational costs and inefficiencies have made it absolutely necessary for the company to implement an SCM system. The company goes for a big-bang installation of SCM system to become more competitive and cost effective. Identify the adopter group to which Troma belongs. A) innovator B) early adopter C) early majority D) laggard E) late majority
Sniffing is the unauthorized transmitting of information across an Intranet
Indicate whether the statement is true or false
Name some common convenience products
What will be an ideal response?