Critical Thinking Questions

1. Do you think it's better to take out a loan to fund a business or seek out an investor? Explain.
2. If you were a business owner, how would you go about deciding exactly what products meet your business needs? Would you do online research, drive to the store, talk to the manager, etc.? Explain the process you would use to make these important purchasing decisions.
3. What would you consider the most important factor when choosing a vendor with whom to do business?
4. Can you imagine spending weeks comparing vendors prior to making a purchase? How might this patience pay off? What possible repercussions might result from an impulse buy?
5. Discuss the risks a business faces when attempting to increase the profit margin of a commodity.