Questions and Answers of Entrepreneurship Theory Process Practice

Six months ago, Roberta O’Flynn opened a small office supply store. Roberta sells a wide range of general office merchandise, including numerous software packages, photocopying paper, printer
Following his graduation from an excellent university with a degree in music and entrepreneurship, Brian Wright was eager to launch a music-related business. Brian always enjoyed working with new
Which is of greater value to the entrepreneur, primary or secondary data? Why?
In your own words, what is market segmentation? What role do demographic and benefit variables play in the segmentation process?
Dennis Darby owns a small manufacturing firm that produces electronic components for use in helicopters. Most of his business is a result of military and aircraft manufacturer contracts, although 11
Describe how an operating budget is constructed.
Describe how a cash-flow budget is constructed.
Describe the internal rate of return method. When would an entrepreneur use this method? Why?
What is ratio analysis? How is horizontal analysis different from vertical analysis?
Pedro Santini has been a computer analyst for five years. In his spare time, he has developed a word processing software program that is more comprehensive and powerful than any on the market.
What are the five elements included in the marketing segment of a business plan?
Why should a business plan be updated?
Clayton Company has grown 115 percent in the past year and 600-plus percent in the past three years. A large portion of this growth is attributable to Jan Clayton’s philosophy of hiring the best
Does strategic planning really pay off for entrepreneurial ventures?
Comparing the entrepreneurial focus with the administrative focus involves five major areas of consideration. What are these areas?
Define the one-person-band syndrome.
Explain the concept of entrepreneurial leadership.
In the past, most people who wanted to get their foreign sports cars fixed had to turn to the dealer from which they had purchased the car. In recent years, however, auto repair shops that specialize
What are three of the contextual aspects that must be considered in an effective succession plan?
In what way can forcing events cause the replacement of an owner/manager?Cite three examples.

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