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Terms in this set (20)__________________ are the operating expenses that a business must pay regardless of how many sales are made. Fixed operating expenses ___________ is an organized way to gather and understand information needed to make informed business decisions based on the potential customers and competitors that exist in the market. Market research What does a SWOT analysis evaluate? Strengths, Weaknesses, Opportunities, Threats What is the definition of an entrepreneur? An entrepreneur is someone who creates a business and potentially makes money and runs the business What are assets? Time, Money, a Car What is an advantage of starting your own business? You have control over where and when you work. What role do entrepreneurs play in economics? Entrepreneurs create the businesses that produce products that meet the wants and needs of consumers. Which of the following should you NOT do when collecting and evaluating data on your market? a.)Find data on what your target market segment thinks and shift your business to meet their needs or wants b.) Only look for data that supports your initial idea Why is it important to use the information gathered from your market research on your target market segment to build your marketing plan? Marketing strategies should be designed to appeal to these potential customers. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? a.)Draw Idea Maps b.) Judge each idea as Realistic or Not Sharon is thinking about opening a bakery. Which of the following would NOT be a good early step? a.)Immediately put down a deposit for a storefront property a.)Immediately put down a deposit for a storefront property What kind of research would be used to effectively evaluate a potential business opportunity? Conduct market research to determine whether the business opportunity meets a customer need or want. A ______________ is a quick description of your business that you use to explain it to potential investors. business pitch Which of these is NOT part of a consumer profile? b.)Polygraphics Which of the following is a fixed expense for Maria's sandwich food truck? a.)Salaries for employees d.)All of the above Which of the following is a start-up expense for Maria's food truck? a.)Kitchen appliances a.)Kitchen appliances What is the most accurate way to calculate the Economics of One Unit? Go through the process of making cupcakes and measure the ingredients. Then calculate the cost per ingredient What is the main difference between a personal characteristic and a skill? Skills can be learned while characteristics are inherent qualities. Which of the following is NOT one of the four steps to preparing a sales forecast? a.)Estimate your future sales for a specific time period c.)Select an organizational structure for your company. Which one of these is NOT part of the market research
process? c.)Make decisions based on the research results Sets with similar termsModule 3 Planning and Building a Business59 terms gracestonee venture module 29 terms Luis_Aguayo9 Entrepreneurship Test20 terms Nicolas_DeMartino module 234 terms rgfiguer Sets found in the same folderAbigail Williams KEY QUOTES9 terms Cara76 Marvel Movies282 terms relentryanPLUS The Crucible Act 410 terms quizlette134853 Kitchen Equipment31 terms MrsKatherinePhillips Other sets by this creatorUnit 4 Vocab.60 terms jareed2003 Unit four vocab two45 terms jareed2003 Unit 3: Vocab40 terms jareed2003 Unit 2: Chapter 9 & 10 Vocabulary List30 terms jareed2003 Verified questionsQUESTION If a firm’s earnings per share grew from $1 to$2 over a 10-year period, the total growth would be 100%, but the annual growth rate would be less than 10%. True or false? Explain. Verified answer
QUESTION An individual has $20,000 invested in a stock with a beta of 0.6 and another$75,000 invested in a stock with a beta of 2.5. If these are the only two investments in her portfolio, what is her portfolio’s beta? Verified answer QUESTION Stocks A and B have the following probability distributions of expected future returns: $$ \begin{matrix} \text{Probability} & \text{A} & \text{B}\\ \text{0.1} & \text{(10\\%)} & \text{(35\\%)}\\ \text{0.2} & \text{2} & \text{0}\\ \text{0.4} & \text{12} & \text{20}\\ \text{0.2} & \text{20} & \text{25}\\ \text{0.1} & \text{38} & \text{45}\\ \end{matrix} $$ a. Calculate the expected rate of return,$\hat{\mathrm{r}}_{\mathrm{B}}$, for Stock B $\left(\hat{\mathrm{r}}_{\mathrm{A}}=12 \%\right)$. b. Calculate the standard deviation of expected returns, $\sigma_{\mathrm{A}}$, for Stock A$\left(\sigma_{\mathrm{B}}=20.35 \%\right)$. Now calculate the coefficient of variation for Stock B. Is it possible that most investors will regard Stock B as being less risky than Stock A? Explain. Verified answer
QUESTION If interest rates rise after a bond issue, what will happen to the bond’s price and YTM? Does the time to maturity affect the extent to which interest rate changes affect the bond’s price? Verified answer Other Quizlet setsLesson 1: The Employment Relationship12 terms hanjackson10 Consumer Behavior review questions27 terms shannon_mckay3 Econ Midterm56 terms Katherine6737 Chapter 11 World Studies60 terms vmunderhill Related questionsQUESTION Which type of intelligent agent works with a data warehouse, detect trends and discover new information and relationships among data items? 2 answers QUESTION What is the marketing department of a business responsible for? 7 answers QUESTION Management is the process of planning, organizing, leading, and controlling to meet organizational goals. T of F? 5 answers QUESTION Environmental efforts may increase costs but: 12 answers When conducting market analysis which of the following must a company do?When conducting market analysis, which of the following must a company do? Multiple choice question. It must devise an innovative marketing plan. It must understand its own ability to meet customer needs.
Which of the following ensures a good idea for a business?Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique or want in the market that group of customers is WILLING to buy.
What is the definition of an entrepreneur Everfi quizlet?entrepreneur. An entrepreneur is someone who creates, owns, and potentially runs a business.
Which of the following is a component of a market analysis?Which of the following is a component of a market analysis? Which include(s) advertising, the sales force, public relations, packaging, and any other signal that the firm provides about itself and its products.
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Which of the following should you not do when collecting and evaluating data on your market?
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