Exam 9: Managing Start-Ups and New Ventures

Whisper Systems developed encryption systems that were efficient and without error.No other company had that ability.Twitter Inc.bought Whisper Systems primarily so it could improve it's security.Whisper Systems was a

Sara Blakely developed the idea to make Spanx undergarments.She filed a patent and researched production.She now sells Spanx through department stores.She is an example of a(n)

Jeff wants to start a company that makes the medical consent forms patients are required to sign easier to understand.Jeff is a doctor with medical sales experience;his partner Gina has the technical abilities to make the product.Where should they look first for financing?

If an entrepreneur were considering a new business,which of the following would be a DESIRABLE characteristic of the industry being considered?

Jane's Candy Shack was a quaint shop,in a small town,with high end items that never attracted many customers.Its failure was probably attributable to failure to

Match the following.You may use a response once,more than once,or not at all. -Blinkx,early Internet video search

Match the following.You may use a response once,more than once,or not at all. -Virgin Airlines improved customer service

The most significant disadvantage to franchising as a means of acquiring a business is

The history of ____________________ and of the development of new businesses is in many ways the history of great wealth and of great failure.

The three strategic challenges facing small firms are choosing an industry in which to compete,emphasizing distinctive competencies,and ____________________.

Primarily because they require few resources,____________________ businesses are the fastest-growing segment of small-business enterprise.

Match the following.You may use a response once,more than once,or not at all. -Has a proven business plan

Match the following.You may use a response once,more than once,or not at all. -Southwest Airlines' cheap airfares and minimum service

Whole Foods has succeeded in bringing natural foods to mainstream retail.A small business entering the natural food retail market would have a(n)

____________________ businesses supply over half of all "innovations" introduced into the U.S.marketplace each year.

Service businesses are the fastest growing segment of small-business enterprises primarily because of

Teresa Walsh and Bonnie Kelly started Silpada Designs,jewelry sold through home parties.They are best classified as

Small business⎯especially in certain industries⎯is an important source of new (and often well-paid)jobs in the United States.

Most experts say that anyone opening a new business should be financially strong enough to operate without business income for

Match the following.You may use a response once,more than once,or not at all. -Next to Normal was the first Broadway show meted out via Twitter