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When new founders of a business are deciding where to incorporate and/or form their business, they must choose a state where they intend to operate

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When new "founders" of a business are deciding where to incorporate and/or form their business, they must choose a state where they intend to operate their principal business activitities. True False QUESTION 36 As a potential entrepreneur, the term "value proposition relates to how your potential fellow partners/members in the business, or your other advisors, will individually contribute to the ultimate success of the company. True False QUESTION 37 When deciding whether or not to start a new, competitive business venture in a certain market, an entrepreneur should consider those markets where there are low barriers to entry (b/c this will help the entrepreneur be more successful in the market). True False

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