UNDERSTANDING BUSINESS
12th Edition
ISBN: 9781264161881
Author: Nickels
Publisher: MCG
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Question
Chapter 6, Problem 5DCS
Summary Introduction
To discuss: The list of factors that might mean the difference between success and failure of a new company entering the business technology industry and whether small start-ups realistically complete with big and famous companies.
Introduction:
A business that is possessed and operated independently and in its field of operation is non-authoritative, where certain standards of size in terms of employees or annual receipts are met is termed as small business.
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1. What are four characteristics of high-growth
companies?
2. How can both market and management factors
affect the growth of a new venture?
3. What questions should you ask at each level of
the new venture's growth?
In your initial response, please respond to the following questions:
1. Why do some businesses succeed while others fail? List and explain three main reasons why businesses fail.
2. Starting a new business from scratch can seem like a daunting proposition. Accordingly, some entrepreneurs may choose to buy a business that is already established, or purchase a franchise from a business that already has name recognition.
1. Does someone need to start a business from scratch to be called an entrepreneur?
2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents?
3. If someone starts a small business and never needs to hire employees, can they be called an entrepreneur?
Chapter 6 Solutions
UNDERSTANDING BUSINESS
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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