Form 4 POB Establishing a Business

When an organization engages in market research and requires original information, it is required to gather this information from

• Trade journals

• Secondary sources

• Primary sources

• Annual reports

Strategic goals are broken down into tactical goals (medium-term planning). Strategic goals then are

• Short-term

• Long-term

• Medium-term

• Short to medium term

Tax evasion, money laundering and insider trading are specifically

• Unethical practices

• Misrepresentation

• Illegal practices

• Corrupt practices

Developing a business idea based on a passion, to be self-employed, to utilize a skill or to meet market demand is

• Market research

• Conceptualization

• Planning

• Creating an operational plan

Which of the following factors provide major opportunities for business

• Globalization

• Economic issues

• Legal regulations

• Negotiating entry into trade blocs

Government regulates business conduct by ensuring they adhere to employment legislation

• True

• False

Entrepreneurs are very careful and do not take a lot of risks

• True

• False

The Executive Summary of a business plan highlights the key points in order to attract investors

• True

• False

An interview is a sourcec of secondary research

• True

• False

Pollution is a possible consequence of unethical business practices

• True

• False