Questions from General Entrepreneurship


Q: How can shrinkage affect an inventory system?

How can shrinkage affect an inventory system?

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Q: Assume that you are the owner of the sporting goods store used

Assume that you are the owner of the sporting goods store used in the example of economic order quantity inventory control You typically sell 14,500 sweatshirts per year. Your ordering costs are $10 p...

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Q: When would an ABC inventory system be appropriate?

When would an ABC inventory system be appropriate?

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Q: What factors should be considered when purchasing for a small business?

What factors should be considered when purchasing for a small business?

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Q: Aside from reducing inventory levels, what does the just-in

Aside from reducing inventory levels, what does the just-in-time philosophy promote?

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Q: How would the computer industry be different today if there were no

How would the computer industry be different today if there were no businesses under 500 employees? Would personal computers exist?

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Q: Consider the make-or-buy decision. Give three examples

Consider the make-or-buy decision. Give three examples of situations when a business should make rather than buy. Give three examples of situations when a business should buy rather than make.

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Q: What is the difference between product-distribution franchises and business-

What is the difference between product-distribution franchises and business-format franchises? Give an example for each that has not been cited in the text.

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Q: After you have read about entrepreneurship in Chapter 2, would you

After you have read about entrepreneurship in Chapter 2, would you consider someone who buys a franchise to be an entrepreneur? Does franchising stifle entrepreneurship?

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Q: What is the difference between a pull system and a push system

What is the difference between a pull system and a push system of inventory control?

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