Questions from General Entrepreneurship


Q: Summarize the two methods used to estimate sales. What are the

Summarize the two methods used to estimate sales. What are the advantages and disadvantages of each of these methods?

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Q: What is a contract sales force? Describe a situation when this

What is a contract sales force? Describe a situation when this distribution channel is beneficial to a new small business owner.

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Q: List the ten actions that new small business owners implement prior to

List the ten actions that new small business owners implement prior to the establishment of their new small business. Explain why each is important.

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Q: What is time management? Why is it important to the new

What is time management? Why is it important to the new small business owner? List the five steps that business owners implement to assure they utilize their time in an effective and efficient manner....

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Q: What are the basic elements of a cash flow statement for an

What are the basic elements of a cash flow statement for an entrepreneurial business?

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Q: Summarize why firms create strategic alliances. Why are they beneficial?

Summarize why firms create strategic alliances. Why are they beneficial?

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Q: Explain why firms invest in quality. Why do they design quality

Explain why firms invest in quality. Why do they design quality into their products or services?

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Q: What is a balance sheet? Why is it useful? What

What is a balance sheet? Why is it useful? What is the difference between a pro forma balance sheet and a balance sheet?

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Q: What is a production chart? Discuss the similarities and differences between

What is a production chart? Discuss the similarities and differences between a production chart and a critical path chart.

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Q: What is a production management system? What are the two most

What is a production management system? What are the two most important elements to production management as they relate to small businesses?

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