In the context of triggers for starting new businesses, briefly describe circumstance motivators.
What will be an ideal response?
Circumstance motivators are triggers for starting new businesses that tend to result in more of a defensive positioning. The environment and environmental changes make opportunities available to potential business owners, but the motivation is opportunistic rather than personal. Business owners with circumstance motivations tend to be driven by the desire to exploit opportunities in the market rather than out of personal interest. Consequently, the staying power of such businesses is largely determined by other competing opportunities.
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The strategic profit model is useful to retailers because it
A. is derived from the income statement. B. uses owner's equity as its primary criterion. C. uses inventory turnover as its primary criterion. D. combines profit margin management and asset management. E. is derived from the balance sheet from the last day of the year.
Veronica states “Imagine what the world would look like if we all chose to recycle.” Which step of Monroe’s Motivated Sequence is Veronica using?
a. attention b. satisfaction c. visualization d. action
The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.)
A. $11.25. B. $450.00. C. $37.50. D. $1,800.00. E. $112.50.
List and describe the "Three Alternatives Rule."
What will be an ideal response?