Matching
Match the following. You may use a response once, more than once, or not at all.
Premises:
Less freedom to make decisions about suppliers and materials
Characterized by entrepreneurs who try to launch businesses in their spare time
Obtains ongoing access to advice from experts
USAA insurance, marketed only to military families
Has a proven business plan
Next to Normal was the first Broadway show meted out via Twitter
Blinkx, early Internet video search
Can choose suppliers and employees without worrying about existing agreements
Characterized by entrepreneurs who assume common sense and hard work will lead to success
Coca-Cola's entry into South Africa
Southwest Airlines' cheap airfares and minimum service
Historical records answer questions about cash flow problems
Virgin Airlines improved customer service
More difficult to obtain information about projected revenues, cash flow
Entrepreneurs who are overly optimistic about when they will start earning a profit
Cisco shifting one third of engineers to Internet video projects
Has an established relationship with the community
This is needed to alert entrepreneurs to trouble
May not be able to negotiate favorable credit terms with suppliers
Responses:
Starting a business from scratch
Identifying new markets
Control system
First-mover advantage
Insufficient capital
Managerial incompetence
Both starting a business from scratch and buying an existing business
Buying a franchise
Niche
Buying an existing business
Neglect
Both buying an existing business and buying a franchise
Correct Answer:
Premises:
Responses:
Less freedom to make decisions about suppliers and materials
Characterized by entrepreneurs who try to launch businesses in their spare time
Obtains ongoing access to advice from experts
USAA insurance, marketed only to military families
Has a proven business plan
Next to Normal was the first Broadway show meted out via Twitter
Blinkx, early Internet video search
Can choose suppliers and employees without worrying about existing agreements
Characterized by entrepreneurs who assume common sense and hard work will lead to success
Coca-Cola's entry into South Africa
Southwest Airlines' cheap airfares and minimum service
Historical records answer questions about cash flow problems
Virgin Airlines improved customer service
More difficult to obtain information about projected revenues, cash flow
Entrepreneurs who are overly optimistic about when they will start earning a profit
Cisco shifting one third of engineers to Internet video projects
Has an established relationship with the community
This is needed to alert entrepreneurs to trouble
May not be able to negotiate favorable credit terms with suppliers
Premises:
Less freedom to make decisions about suppliers and materials
Characterized by entrepreneurs who try to launch businesses in their spare time
Obtains ongoing access to advice from experts
USAA insurance, marketed only to military families
Has a proven business plan
Next to Normal was the first Broadway show meted out via Twitter
Blinkx, early Internet video search
Can choose suppliers and employees without worrying about existing agreements
Characterized by entrepreneurs who assume common sense and hard work will lead to success
Coca-Cola's entry into South Africa
Southwest Airlines' cheap airfares and minimum service
Historical records answer questions about cash flow problems
Virgin Airlines improved customer service
More difficult to obtain information about projected revenues, cash flow
Entrepreneurs who are overly optimistic about when they will start earning a profit
Cisco shifting one third of engineers to Internet video projects
Has an established relationship with the community
This is needed to alert entrepreneurs to trouble
May not be able to negotiate favorable credit terms with suppliers
Responses:
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