BUS101 Economics terms (busi,econ) 93

BUS101 Economics terms (busi,econ) 93 - important to A open...

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C. her venture capitalist D. her idea Definition B. her business plan Term (p. 162) In order to improve his chances of small business success, Demitri pre- pared a business plan. Most often, a positive outcome of this exercise is: A. the plan will meet federal reporting requirements of the Internal Revenue Service. B. the plan ensures financing will be available from the Small Business Ad- ministration. C. the plan enables Demitri to think carefully about all aspects of his business idea. D. the plan will protect Demitri from failure. Definition C. the plan enables Demitri to think carefully about all aspects of his business idea. Term (p. 168) Justin's favorite part of Introduction to Business class was marketing. As he brainstorms about starting a car detailing business, he recalls that it is
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Unformatted text preview: important to: A. open for business and start collecting information about what customers want. B. find the most affordable location for the business. C. only agree to serve a high-end market. D. analyze the market before making the service available. Definition D. analyze the market before making the service available. Term (p. 164) As a high net worth individual, Allison searches for growth firms in need of additional funding to achieve their goals. In return for this ____________, Allison expects to assume ownership in the business. A. analysis B. venture capital C. corporate loan D. securities investment Definition B. venture capital...
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