Which of the following is the best advice about business plans for Paul, who has a great idea for a start-up business but will need substantial external financing to get started?
A) Have a business plan in place by the first day your business is open.
B) Have a business plan in place before seeking out investors.
C) Focus on the product overview and fill in details about the competitive environment after the business has launched.
D) Focus on the operations overview and fill in financial details after the business has launched.
E) Make operational and financial objectives as general as possible.
B
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Markup can only be derived from the product's cost.
Answer the following statement true (T) or false (F)
Northwest California Ventures Ltd. has decided to provide capital in five market areas for the start-ups. The investment consultant for the venture capital company has projected an annual rate of return based on the market risk, the product, and the size of the market.
? Market AreaAnnual Rate of Return on Capital (%) Electronics12 Software18 Logistics15 Education12 Retail17 ? The maximum capital provided will be $5 million. The consultant has imposed conditions on allotment of capital based on the risk involved in the market. • The capital provided to retail should be at most 40 percent of the total capital.• The capital for education should be 26 percent of the total of other four markets (Electronics, Software, Logistics, and Retail)• Logistics should be at least 15 percent of the total capital.• The capital allocated for Software plus Logistics should be no more than the capital allotted for Electronics.• The capital allocated for Logistics plus Education should not be greater than that allocated to Retail. Calculate the expected annual rate of return based on the allocation of capital to each market area to maximize the return on capital provided. Also, show the allocation of capital for each market area. What will be an ideal response?
A primary boycott prevents: A) companies from raising prices on goods coming from a sanctioned country
B) companies in the United States from doing business with a sanction country. C) sanctioned countries from trading with other sanctioned countries. D) sanctioned countries from trading with non-sanctioned countries.
One of the external problems new ventures face is
a. vandalism. b. poor labor force. c. government regulations. d. market knowledge.