Entrepreneurship 2.0 Review Part 2

 For a business to generate a profit, its operating costs must be ______ the gross margin

Costs of sales for a new manufacturing venture typically include

Sam allocates 2% of estimated sales to web and newspaper ads. Sam is developing a

A business that identifies products to sell that fill customer needs is making which decision.

An operational issue that entrepreneurs must consider when planning their businesses

A tool that an entrepreneur develops to project sales for a new business venture

Variable expenses increase in direct proportion to the increasing rate of

Jim may give up a his job at an established company so he can start a business. What type Risk?

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

A Business might take a product and alter it to fulfill a specific need for a different...

Which of the following is a characteristic of a well-conducted feasibility study

One-time start-up costs often include __________ fees.

Which of the following statements is true about business start-up requirements

The 1st factor that a business should consider when deciding if it should sell a product is the

Emotional Risks that many entrepreneurs face include

An entrepreneur considers venture location and financial needs during the _____________ process

The primary purpose of a feasibility study is to answer which of the following questions

The costs of operating a business are often called _____________ expenses.

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

Feasibility Study. Which of the following should you answer in terms of financial consideration