Sarah has always been interested in starting her own business. She recently came upon what she thinks is a great new product idea for a start-up business, but she is unsure how to proceed. What should she donow to increase the chance that her new business will actually become a reality?Select the correct response:O decide what form of ownership her new business should adoptdetermine what sorts of government funding is available for her start-upO test her idea by talking about it with potential stakeholders and by conducting a pilot test of the new product's appeal to potential customersO both a and bO none of the above Which of the following is true with regard to family businesses?Select the correct response:nepotism is generally not an issue in family businessesO family businesses are generally better run than non-family businesses because the family members know each other and therefore have better working relationshipsfamily businesses will generally have higher agency costs than non-family businessesO family members may be willing to make sacrifices for the firm in order to safeguard the future of their family businessall of the above

Note: We are authorized to answer only one question at a time. Since it is not mentioned which…

Answered: Sarah has always been interested in…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

Entrepreneurs are people with vision, drive and creativity, who are willing to take the risk of starting and managing a business to make a profit. True False
Examine Biontech company and academic entrepreneurship.Please mention about the entrepreneurial process of this firm. How it was established, who founded it, which university and professors were in it, what steps were followed, What patents does the company hold? Please explain clearly
discuss the sources of equity financing for: 1-Venture capital firm 2-Small business investment companies 3-Public offering 4-Mergers and acquisitions 5-Angels 6-Family and friends
Suppose you are president of the Entrepreneurial Association of Beckon College (EABC). EABC is a new students’ association in the school of business and has 50 members. It was formed two years ago when the department of management instituted a major in entrepreneurship. One of the purposes of EABC was to promote entrepreneurship as the major and minor course of study at the college. To further this purpose, the association recently voted to institute an annual Rs.18000 EABC scholarship. The scholarship will be awarded on the basis of merit to a junior or senior business student majoring in entrepreneurship at EABC. Funds for the scholarship will be raised by selling coffee and doughnuts each day from 7:30 to 10:30 a.m., in the main corridor of School building. Required: On behalf of Manager Admission, write a memo giving all details to the principal asking permission to start fund raising project in February.
Cathy wants to open her own accounting firm. She requires your help with the business plan. Advise Cathy on reasons for an entrepreneur to write a business plan.
The process of starting a new business can be difficult, especially when you are trying to break through the fear and confusion. We live in a world where we have an endless amount of opportunities, and it can be quite overwhelming to start looking at all the different options that are available to you. You may also feel like all business ideas have been done before and that you’ll never be able to come up with something that is unique and that would be successful. From the above scenario, we realized the challenge and opportunity in creating a new business venture in UNITEN. Using your own words, justify the following QUESTIONS: 1. Justify TWO (2) challenges to be considered when coming up with a new business idea in UNITEN. 2. Provide your own VISION and MISSION to start a new venture. 3. Describe ONE (1) passion in starting the new entrepreneurship
One of the first steps for starting your own business is to decide what type of business you want to start. Take some time to think about this decision. Before proceeding, answer the following questions:• Why did you choose this type of business?• Why do you think this business will be successful?• Would you enjoy owning and operating this type of business?
A proposed business (ice cream) should candidly evaluate the prowess, or ability, of its management team to satisfy itself that management has the requisite passion and expertise to launch the venture? Two of the most important factors in this area are:a) The passion that the sole entrepreneur or the founding team has for the business (ice cream) idea?b)The extent to which the sole entrepreneur or the founding team understands the markets in which the firm will participate?
Explain the different stages of your business development funding. How much money would you fund, and from where would you source it for each stage? What would be your area of expenditure for each stage?
your group are into the shoe business, last january you started manufacturing 100,000 pieces of school shoes in preparation for the incoming school year, but due to covid-19 the orders and distribution were being canceled. as a business owner what will you do? what strategies will you be able to come up so that your company will not get affected that much?
Consider a business idea that you could imagine starting up in your local area. Explain what source or sources of funding might be available to you, approximately how much money you think you would need, and why you would choose that particular source or sources. How would you convince the potential funder or funders that they should invest in your idea?
I have to write a grant for the Lasting Legacy Wildlife Museum (link to website below) for a family member. They have not been able to work since his heart problems. I need help writing a grant to keep their business alive. I have no idea where to start or how grants work. If you could help me I would really appreciate it. This business means a lot to my family members. https://thelastinglegacywildlifemuseum.centurylinksite.net

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS