ENTREPRENUERSHIP WRITTEN 1-B

Why are business plans used for potential investors and banks?

• They are not used by investors and banks

• They are only used by banks NOT investors

• They are used by investors and banks

• For start-up fund

How would you encourage customers to buy your product?

• A. Follow where they are

• B. Offer a minimal information

• C. Make the feel uniquely special.

• D. Make a fallacy promises. Smile and welcome your customer

What should any company do if the strategy does not get implemented as it was planned?

• A. Consider going out of business

• B. Merge with another company

• C. Get more financing

• D. Take corrective action to put the project back on track.

It is a preliminary study undertaken to determine, analyze, and select the best business scenarios. In this study, we assume we have more than one business scenarios

What is the equation for balance sheet ?

Enumerate the three investments that need to be funded.

It is to quantify the market potential in a systematic way.

This process would determine how saturated the market is in the given area of coverage.

An analysis that takes all of a project’s relevant factors into account including economic, technical considerations – to ascertain the likelihood of completing the project successfully.

It helps to determine how the business defines its course and the process of accumulating wealth.