1. List the 4 major factors of the external environment identified by the marketing system.

2. Identify the four important considerations/strategies in recruiting and assembling an effective team and organizational culture outlined in the text.

3. Explain and define the four types of asset backed loans.

12. Explain what problems an entrepreneur might avoid by using bootstrap financing instead of outside capital. 13. What are the three types of risk capital markets?

14. Discuss the informal risk-capital market and key characteristics of business angels.

15. List three reasons why a Business Angel may reject a proposal.

16. Discuss the three types of market development strategies and give examples of each.

17. What are the 4 main growth strategies discussed in the text? Briefly define each.

18. What benefits can an entrepreneur receive from better time management?

19. Explain the potential issues that could occur in establishing an international joint venture.

20. What are the 4 major factors in joint venture success?

21. Discuss the main disadvantages of an acquisition.

22. List the critical factors that an effective succession plan needs to consider.

23. Explain the advantages and disadvantages of an ESOP.

24. Identify and define the three major types of bankruptcy.