Customer accessibility is important in locating an electrical contracting firm.
Incubator organizations can provide advice on structuring a new business.
If they are based in the owner’s home, a business must conform to local zoning
ordinances.
Many entrepreneurs who founded companies in the 1970s and 1980s are finding it
increasingly difficult to harvest their businesses.
List and briefly describe the main strategy options for small firms that decide to go
global.
The term channel management is synonymous with the term logistics.
Small firms are at a great disadvantage when it comes to competing based on customer
service.
Employer monitoring of employees’ Internet activities has become so commonplace
that it is no longer a subject for debate.
The ideal age for starting a business appears to be between 40 and 50.
Marketing research is an effective supplement, but not a replacement, for the intuitive
judgment of entrepreneurs.
Because the offering and sale of a franchise are more intensely regulated by state and
federal laws than is the establishment of a new business, individuals and/or firms
involved in negotiating a franchise arrangement have limited need for legal counsel.
Orientation refers to instructions given during the interview with an applicant.
The essence of ethical relativism is captured in the following statement: “When in
Rome, do as the Romans do.”
The invention of the pocket protector by electrical engineer Gerson Strassberg in 1952
was the result of his deliberate search for a solution to problem of leaking ballpoint
pens.
Total assets less outstanding debt must always equal ownership equity.
In selecting a location, retailers are not all that concerned about customer accessibility.
The net present value method discounts future after-tax profits back to the present day.
Business interruption insurance pays for lost income.
Harvesting owners can be paid in cash or in stock of the acquiring firm, with stock
generally being preferred over cash.