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Questions from May 01, 2022

• 1. Define small business. How, if at all,does this differ from what you would have expected the definition to be? 2. Explain how cost/benefit analysis iscrucial in entrepreneurship.3. List...
  May 02, 2022
• 1. It will probably take about three monthsfor your business to start earning a profit. Do you agree or disagree? Why? Ifyou disagree, how long do you expect it to take? What are the three...
  May 02, 2022
• 1. Name three categories ofinvestors/lenders that might have an interest in your business plan. 2. Why is it important to identify abusiness’s culture from the beginning?3. Prepare a...
  May 02, 2022
• Call and visit an entrepreneur in yourcommunity to discuss business plans. a. Ask whether he or she wrote a businessplan before starting the business. Since then? b. If the owner did write...
  May 02, 2022
• 1. Are there customers for your business inother countries? How would you plan to reach them? 2. A company’s mission is to satisfy itscustomers. Do you agree or disagree? Why? 3. Describe...
  May 02, 2022
• Sue, of Sue’s Sandwiches, sells sandwichesand soda from a sidewalk cart in a popular park near her house. She sets up hercart in the summers to earn money for college tuition. Last month she...
  May 02, 2022
• When Steve Wozniak and Steve Jobsenvisioned a computer in every home, computers were large, expensive machinesowned only by the government, universities, and large companies. Whattechnology...
  May 02, 2022
• 1. If the FX rate between the U.S. dollarand the Japanese yen is 1:119, how many yen will it take to equal $20? 2. If the FX rate between the Japanese yenand the euro is 189.35:1, how many yen...
  May 02, 2022
• You own a small record label. You sell CDsthrough your Web site for $15, including shipping and handling. You get anoffer from someone who owns a record store in Germany who wants to buy your...
  May 02, 2022
• 1. Why might Shape magazine have namedHappy Belly Curbside Kitchen as one of the 10 Healthiest Food Trucks inAmerica? How would they be healthier than most food trucks? 2. Necessity is the...
  May 02, 2022
• 1. Differentiate between marketing andselling using real-world examples. 2. Write a positioning statement for yourbusiness, or one that you can envision, using the format provided. 3....
  May 02, 2022
• Go online and conduct an industry-widesearch for competition for your business or one that interests you. Illustratea profile of the competition (this may be written using a...
  May 02, 2022
• 1. In what areas of the market didMcCormick do research before starting his business? 2 What research methods would you recommendfor American Electrical today? Name three specific sources of...
  May 02, 2022
• 1. What inspired Russell Simmons to promoteunderground music styles? 2. Describe the target market that Simmonsis trying to appeal to in all of his business ventures (demographic,...
  May 02, 2022
• 1. Identify a brand and illustrate itsmarketing mix in terms of the five Ps—product, price, promotion, place, andphilanthropy. 2. Describe the pricing strategy you wouldchoose for your...
  May 02, 2022
• 1. What is the role of demographicinformation in the selection of a retail-location option? Provide an example ofa retailer near you and the demographics that are significant for the company....
  May 02, 2022
• Pricing A. Describe your pricing strategy (value,prestige, cost-plus, penetration, skimming, meet-or-beat, follow-the-leader,personalized, variable, or price lining), structure, and the gross...
  May 02, 2022
• PromotionA. Identify the ways you plan to promoteyour product or service, including the message, the media, and the distributionchannels. Describe why you have chosen these methods and why you...
  May 02, 2022
• 1. Farrah Gray is a master of integratedpromotion. List the promotional methods he has used and why he may haveselected each. 2. What is the most interesting part of hisstory for you? Why?...
  May 02, 2022
• Case StudyDr. Farrah Gray: Young Millionaire,Entrepreneur, and PhilanthropistMost 6-year-olds have not begun to dream ofentrepreneurship. Most 14-year-olds only dream about being...
  May 02, 2022
• 1. Explain, with suitable examples, howselling serves as a good source of market research. 2. Explain Joe Girard’s Law of 250 in yourown words, and give examples of it from your own life....
  May 02, 2022
• 1. Give three reasons why you think it isimportant to keep collecting market research even after you have opened yourbusiness. 2. List the eight steps of a sales call.How is each step...
  May 02, 2022
• 1. Write a memo to your partner discussinghis or her sales calls and how they could be improved. When analyzing yourpartner’s efforts, use the eight steps of a sales call in the text as...
  May 02, 2022
• 1. How does BNI reinforce the importance ofselling based on benefits? 6-20. Compare and contrast BNI with anotherbusiness-oriented social networking service.2. What type of referral network...
  May 02, 2022
• Imagine that you have invented a guitarstrap that goes over both shoulders, thereby reducing shoulder strain for theguitarist. This item could be a big seller, but, before you can apply for...
  May 02, 2022