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

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Similar questions

You are hired as a CFO of the company ABC. ABC has just been through an IPO process. The CEO is about to undertake a new investment project and know that one source of shareholder value is the unlevered cash flow. a) Explain the CEO another source of shareholder value when undertaking a new investment project
Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…
Outline the planning necessary to launch an entrepreneurial start-up.
Andrew and Simon are prospective entrepreneurs and are soliciting your advice to start their entrepreneurial venture in a profitable industry. Your task is to choose for them an industry you know very well and do an industry and competitive analysis to determine its profitability and advise them accordingly.
If an entrepreneur has a good idea and his or her startup is beginning to take off, is it better to get money for growth by taking an offer of equity financing from an angel investor or taking a business loan from a bank?
You can start a business for yourself in three ways. What alternative would you choose to open a business by purchasing the intellectual property of a well-known brand? What are the advantages and disadvantages of this alternative?
There are different options after completing the business degree, most of the students seek job opportunities, and many of the students decide to manage their family businesses. In recent times, entrepreneurship studies got much interest among young graduates and people tend to establish independent units. If you choose to become an entrepreneur, why would you choose to be? In case you choose not to become an entrepreneur, what would be the reason? Also prepare your own SWOT analysis.
Entrepreneurial competencies refer to the characteristics of an entrepreneur. It requires certain qualities or characteristics for establishing and running a business enterprise. In your own words, explain the different qualities you need to acquire to become a successful entrepreneur.
Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.

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