1. What types of tangible, intangible, and funding resources exist? Give examples of each.

2. What is an example of a tangible resource and an intangible resource?

3. What is the PEST tool? How can entrepreneurs use it to their advantage before launching a business? 4. Why is it important to figure out costs before launching a business?

5. What are examples of costs that must be taken into consideration before opening a business?

6. What is the difference between one-time costs and monthly costs? How much should an entrepreneur have of monthly costs in advance?

7. Define the resource dependence theory.

8. What is the life cycle of a business and how do resource needs and their associate costs shift over time?