Yearly Archives: 2022

Differentiate between entrepreneurs and small business owners.   What is the main difference between a small business owner and an entrepreneur?    Entrepreneurs are interested in generating profit. Small business owners usually do not last more than two years. Small business owners lack innovation and creativity. Entrepreneurs take on businesses with the goal of growth […]

1.            What Is Business? Determine the key characteristics of business.   Which of the following goals differentiates entrepreneurs from other small business owners?   a.) Develop the business to provide a quality of life   b.) Develop the business to satisfy a need   c.) Primary goal is growth and […]

The chapter discusses seven different business models with a brief description of each. Given the changing nature of many industries, choose an industry you have some knowledge of and describe how the business model of a firm in that industry has changed over the last decade. (If you prefer, you can describe how a firm’s […]

In what ways has Ascena pursued a value enhancing/creating diversification path?  In what ways, has the firm pursued diversification for non-value enhancing reasons?   Identify at least four total motives and specific actions.   Ascena has largely expanded by using acquisitions. Have they managed the acquisition process well?  In other words, how have they made acquisitions […]

Define the term hypercompetition with an example. Identify a firm that competes in a hypercompetitive industry. Explain how the five partners (flagship) model developed by Rugman and D’Cruz differ from Porter’s five forces model? Determine how the firm you selected uses dynamic strategic interactions to compete in each arena listed in the model on 16-2, […]

Franchising is widely used in the casual dining and fast food industry, yet Starbucks is quite successful with a large number of company-owned stores. In 2019 Starbucks had more than 8,500 company-owned stores in the United States. How do you explain this difference? Is Starbucks bucking the trend of other food-service stores, or is something […]

1Select the item below that would NOT be included in the M2 money supply.   •             Cash   •             Certificate of deposit   •             Common stock   •             Savings account   2Riley had a checking […]

Identify key characteristics of short term financing options for a business.   Which of the following statements accurately describes short term financing options?   •             a.)The amount a business needs to borrow is small compared to a long term loan.   •             b.)Short term financing […]

Identify proper financial management and financing options.   Which of the following is NOT something proper financial management can ensure?   •             a.)An improved credit rating   •             b.)The availability of money for immediate cash flow problems   •             c.)Effectively […]

1Which of the following describes a corporate strategy?   •             The production department of a car manufacturer decided to focus on quality assurance during production rather than high volume production.   •             A software company formed an alliance with a cell phone manufacturer to develop […]