Reference no: EM132898569
1. Analyze and explain how entrepreneurs can add value to an existing economy, and how will the market show whether or not the entrepreneur is succeeding in adding value to the economy. Your answer should be a substantive paragraph of 4 - 5 sentences in length.
2. Before you can start your business, you must define it. Identify and describe the three basic questions (who, what, where) the business definition answers. Your answer should be 3 - 5 sentences in length.
3. Assess and explain why a business should focus on its brand. Provide at least two examples of some well-known brands. Your answer should 3 - 5 sentences in length.
4. Jenny is worried because when she calculates the gross profit margin from each unit of sale, it is too low to cover her total her fixed overhead. Analyze and explain whether or not she could improve her gross profit margins by moving to an office that has a lower monthly rent than the one she has now. Your answer should be 3 - 5 sentences in length.
5. Evaluate and describe how financing with equity is different from financing with debt. Your answer should be 3 - 5 sentences in length.
6. Assess and discuss the significance of the management section of the business plan, as well as the information this section should contain. Your answer should be 3 - 5 sentences in length.
7. Assess and explain why, as an entrepreneur, it is important to consider opportunity cost when making a rational business decision. Your answer should be 3 - 5 sentences in length.
8. Discuss the purpose and benefits of financial ratio analysis by an entrepreneur to help lead a business. Your answer should be 3 - 5 sentences in length.