BM II

Businesses reviewing secondary data is useful because it offers

Which of the following situations presents a business threat to a company?

An entrepreneur considers venture location and financial needs during the

A reliable online source of general business start-up information:

This is important to ask to determine the business's strengths when conducting a SWOT analysis

A major advantage of a sole proprietorship is

Protects a business's inventions or written works from the unauthorized use by others:

One-time start-up costs often include

A way that a national business chain can make sure that customers will remember its name is to

Entrepreneurs often discover business start-up ideas by looking for gaps between

A business might take an existing product and alter it to fulfill a specific need for

Which of these is a factor that businesses often consider when conducting a market analysis:

What is a trend that affects the growth of entrepreneurial ventures?

What is often a positive result of accepting responsibility for a poor decision?

Variable expenses increase in direct proportion to the

Emotional risks that many entrepreneurs face include

The entrepreneurial discovery process requires knowledge and the recognition of a(n)

This is a tool that an entrepreneur develops to project sales for a new business venture:

Identifying market segments helps a business to develop appropriate

Company A ignores target market segment differences and generates an appeal with just one offer

Joseph starts a tennis school. His former pro advises him with the school's start-up.

A business that fails to protect its employees from unnecessary risk/health hazards on the job

Ford Motor Co offering different types of vehicles in a wide range of prices is an example

A disadvantage of a general partnership is that

This is a question that a business might ask when it wants to evaluate its weaknesses:

Businesses that segment the market based on psychographics are grouping people according

Selecting a target market based on very specific criteria limited to a well-defined segment

The importance of small business to the economy leads to strong support from local governments

Which of the following statements is true about entrepreneurial discovery:

This is a way that a business can determine if a product will fulfill its target market's needs

Can any brand name be selected and used by a business?

Which of the following is usually a characteristic of a creative person:

When an individual recognizes the possibility of failure and continues to work toward a goal?

In order for a business to generate a profit, its operating costs must be