True or False? A specialty store will likely have a much wider trade area than a grocery store.

a. True
b. False

What is the difference between a wholesale site and a retail site?

a. Accessibility

b. A trade area of sufficient size

c. Attractiveness

d. An upscale experienc

True or False? The advantage of a startup is that you get to create the culture you want.

a. True
b. False

Before putting out a call for a new employee, it is imperative that you do all of the following first, EXCEPT:

a. use executive search firms.

b. develop a job description.

c. look among your current employees first.

d. seek referrals from trusted people who know the business.

True or False? When you hire employees, it's important to give equity in the company to incentivize them and encourage commitment.

a. True
b. False

ome of the alternatives to giving equity in the company as compensation include which of the following? (Select all that apply.)

a. Deferred compensation plans

b. Stock options

c. Phantom stock

d. Bonus plans

e. Profit-sharing plans