State & explain 2 costs and 2 benefits of being an entrepreneur. What are the 2 main industries in the country Malaysia? Discuss 5 ways to avoid business failure. 2. Discuss 5 components of competitive advantage. List the 4 elements when entrepreneurs translate strategic plans into action plans. Describe 3 ways how a vision statement can help a company.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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hi there tutors! im here to cure my doubts.

i hv 2 big questions to ask here. please help solve.

Required:

1.

  • State & explain 2 costs and 2 benefits of being an entrepreneur.
  • What are the 2 main industries in the country Malaysia?
  • Discuss 5 ways to avoid business failure.

2.

  • Discuss 5 components of competitive advantage.
  • List the 4 elements when entrepreneurs translate strategic plans into action plans.
  • Describe 3 ways how a vision statement can help a company.

Thats all, tutor, i hope for a clear, precise & easy-to-understand explanations. (non-plagiarized answers) Thanks tutor!

 

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