Question 1

Jose wanted to start- up a new business venture, what prior process does he need to do?

Accepted Answer

Make a thorough examination of the target market before a particular business is set

Answer

Hire personal employee

Answer

Find a lending company to loan a capital

Answer

Find a business partner to help you run a business

Question 2

Carina needs a large amount of money for the business she is planning to set-up, but her savings is not enough to support it. What should Carina do?

Accepted Answer

Find a well reputed lending institution then lend adequate capital that will support her business.

Answer

Conduct a garage sell of her belongings that is no longer useful.

Answer

Get another job to save more capital

Answer

Save more money from the existing job

Question 3

What should a successful entrepreneur do to monitor the progress of his/her business and to carefully track its profit and losses?

Accepted Answer

Practice and develop expertise in what all your workers are actually doing.

Answer

Assigned personnel which will monitor the progress of the business.

Answer

Let your employee send you a report of every day’s profit of the business.

Answer

Do an inventory every day.

Question 4

Celeste had finally gathered enough capital and chooses a perfect product and location for her new business. What should be her next step to do?

Accepted Answer

Register the business as a form of legality.

Answer

Throw an opening party.

Answer

Hire an employee

Answer

Start the business right away.

Question 5

Diego wants to know if he chose a right location for his business. What should be his basis to say that he chose the right place?

Accepted Answer

The result of Reliable Mini Survey using considerable samples of target market.

Answer

The people on the said place have been good to him.

Answer

There are a lot of competitors on the said place.

Answer

The place has a lot of potential target consumer.

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