30 - True or false: When considering starting a business, you need to create a business plan before beginning your feasibility analysis.

Select one:

a. True

b. False

Question 31

Some franchises advise a potential franchise buyer that:

Select one:

a. They need to lease a particular sized building or storefront if they wish to buy the franchise

b. They need to locate the storefront in a specific location (such as in a strip mall)

c. They may have to locate the franchise a certain distance from another location of that franchise.

d. All of the above.

Question 32

According to an outside video we watched, __________ is essential to the success of starting a new business.

Select one:

a. Prior business ownership experience

b. Significant management experience

c. Enlisting the help of a coach

d. All of the above.

Question 33

This individual is someone inside a firm who uses his/her entrepreneurial skills without incurring the risks that are typically associated with those activities.

Select one:

a. An organizational entrepreneur

b. An intrapreneur

c. An incubator

d. An intrepreneur