CHAPTER 9 BE PREPARED TO DISCUSS QUESTIONS BELOW

THE LOCATION PLAN

What are the key attributes of a good business location?

Which of these would probably be most important for a retail location? Why?

What is the difference between general-purpose equipment and special purpose equipment? What are the advantages and disadvantages of each?

What factors should an entrepreneur evaluate when considering a home-based business? Be specific.

REVIEW CHAPTER 9 SITUATION 3 and answer the questions

CHAPTER 10: UNDERSTANDING A FIRMS FINANCIAL STATEMENTS

Describe the purpose and content of an income statement.

Explain the purpose and content of a balance sheet.

What determines a companys profitability?

Review Case Study and answer the questions - Harper & Reiman, LLC Understanding a Firms Financial Statements