Four questions about Small Business, 1 page for each question
Question 1: In your own words, describe the four interrelated components of a feasibility analysis? Why are each component important in the feasibility analysis? How does a feasibility analysis differ from a business plan?
Question 2: What factors should an entrepreneur consider before choosing a form of business ownership? Describe some key pros and cons of the following business forms of ownership:
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b)Partnership
c)Corporation
Question 3: In your own worlds, define what strategy is. How do key elements including vision and mission statements, strengths, weaknesses, opportunities, threats, key success factors, competitor analysis, and balanced score cards flow together to create and implement a solid strategy?
Question 4: Describe how image, competition, and value play a role in pricing decisions. Describe how image, competition, and value play a role in pricing of the Apple iphone.
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