Questions from General Entrepreneurship


Q: The entrepreneurship class you are taking meets for four hours once per

The entrepreneurship class you are taking meets for four hours once per week. A break of 10 minutes or so takes place after the first two hours of each class. During a recent break, you overheard one...

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Q: Michael Graves and Jill Simpson just left their jobs with Microsoft to

Michael Graves and Jill Simpson just left their jobs with Microsoft to launch a business that will sell a new type of fax machine. They wrote a full business plan that they’ve asked you to review. Whe...

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Q: Recently, Megan, Jennifer, and Mark, the cofounders of

Recently, Megan, Jennifer, and Mark, the cofounders of a medical products company, presented their business plan to a group of investors in the hopes of receiving funding for their venture. One of the...

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Q: What four environmental trends are most instrumental in creating business opportunities?

What four environmental trends are most instrumental in creating business opportunities? Provide an example of each environmental trend and the type of business opportunity that it might help create....

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Q: Patty Carroll is thinking about opening a high-end fashion boutique

Patty Carroll is thinking about opening a high-end fashion boutique in an affluent suburb of Minneapolis. She contacts an angel investor she knows has previously invested in this type of firm and aske...

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Q: Under what circumstances should ethical considerations be part of a company’s business

Under what circumstances should ethical considerations be part of a company’s business plan? Should a company periodically measure its ethical performance? If so, what are the best ways for a firm to...

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Q: Tom Andersen owns an electronics firm in Wichita, Kansas. He

Tom Andersen owns an electronics firm in Wichita, Kansas. He has told you that he has been suffering some cash flow problems recently, but has avoided having to borrow money by letting some of his fir...

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Q: Dip Jar is the focus of the “You Be the VC

Dip Jar is the focus of the “You Be the VC 7.1” feature. Assume that this firm’s founders have asked you to help them write a code of conduct for their firm. Given your understanding of how DipJar op...

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Q: Nancy Wills is purchasing a business named Niagara Laser Optics that is

Nancy Wills is purchasing a business named Niagara Laser Optics that is located near Buffalo, New York. The business has had several brushes with the law during the past several years, dealing with cl...

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Q: What is the difference between the industry analysis section and the market

What is the difference between the industry analysis section and the market analysis section of a business plan?

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