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Question 1:
Before beginning new ventures entrepreneurs need to acquire essential information.
Discuss (a) the major information collection methods, and, (b) crucial information required to ensure success of new ventures.
Question 2:
a) Discuss the essential qualities of robust opportunities.
b) Discuss some of the criteria that could be used for evaluating business opportunities.
Question 3:
a) Starting and running a new business involves risks. Describe the different types of risks an entrepreneur may possibly confront?
b) In starting and managing a new venture, an entrepreneur is likely to experience stress. Discuss the potential sources of stress and suggest means the entrepreneur could use to deal with them.
Question 4:
Before starting a business, it is important to choose an appropriate legal form. Discuss the main types of business ownership structures that are available to new entrepreneurs.
Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor
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cultural dimensions
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