Questions and Answers of Small Business Management

What are the basic ways to manage risk in a business?
What are the common types of property and casualty insurance?
Why is it important to consider an entrepreneur’s personal finances when conducting the short- and long-term financial forecasts of a firm?
1. Prepare proforma income statement and balance sheet for 2014.2. Computing financial ratios3. Preparing statements of cash flowsThe quantitative solution to the case is provided in an excel
If you were starting a new business, where would you start looking for capital?
Even as the remodeling market weakened and taking on extra financing became risky, what are some things that Moon Associates’ president and CEO Jim Moon did to sustain the company’s long-term
Could Moon Associates have obtained the needed capital to not only keep the company running but expand its Renewal by Andersen line through a mortgage loan? If so, for how long could such a loan be
1. Arrange for an interview with the owner of a start-up business in your community. Ask the following questions and share your results with the class.2. Imagine you’ve just stepped into the
Does CRM put more emphasis on current or potential customers? Why?
List the four psychological influences on consumers that were discussed in this chapter. What is their relevance to consumer behavior?
1. What are the advantages and disadvantages of the in-home method of selling Project Home products?2. What other channels of distribution might Project Home use?3. What do you think about the name
1. What re the advantages the Sugal will likely gain if he decides to bring inventory storage and bike delivery in-house?2. What complications might arise if Sugl makes this change? What might he
If you were opening an office furniture store, how would you select a social networking site to introduce yourself to prospective customers?
What would be your first choice for an advertising medium if you owned a rental car agency? Why?
1. Why do you think DiPippo chose videos to market his products?2. What risks do you think Di Pippos faces with customers posting videos about his products
Why is it so important to have high-quality employees?
1. What are the major advantages and disadvantages for employers that choose to use social media to screen job candidates? What are the major benefits and drawbacks for job candidates who are
Is work-life balance for everyone?
What do you believe would be the advantage of having an entrepreneurial team when starting a business?
How do different personalities affect our effectiveness in running our own small business?

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