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Management shortcomings, inadequate financing, and government regulations
What is the leading cause of today's small business failures
Pharmaceutical giants Merck and Amgen decide to form another company to develop new drugs. Both companies own 50 percent of the new company. This is an example of a ________.
When a government unit owns and operates an organization, the arrangement is known as ________
A person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business is a(n) ________
Characterstics of an entrepreneur
Vision, high energy level, need to achieve, self-confidence, optimism, tolerance for failure, creativity, tolerence for ambiguity, and internal locus of control
Someone who looks for opportunities in the market place and use their resources to take advantage of that opportunity
Someone who will start a new business and once it is up and going, will start another business
Advantage of buying an existing business
The business plan has already been created, your reputation has already been made, your advertisements have already been tested and modified, etc
ways to fund your business
Trade credit, personal credit card, commercial bank, business credit card, line of credit, motor vehicle loan, owner loan, mortgage loan, financial lease, equipment loan, family & friends are examples of what?
Kayla is opening a home health care business that she knows will do well in her community based on prior research. Although she must repay borrowed funds, Kayla chooses ________ to maintain complete control over the business without having to answer to investors or partners
Michael is a successful financial advisor looking to invest thousands of dollars into a new consulting business in return for equity in the company. Michael is an example of a(n) ________
Car companies often initiate projects that focus on specific products and technologies in which management sees potential for success. This type of intrapreneurship is called a ________
Today, approximately ________ percent of Americans access the Internet at home, school, work, or public-access sites
Electronic data intercharge (EDI)
Best Buy's ________ Web site offers basic company information, but primarily includes an online store selling everything from appliances to computer games
By some estimates, close to ________ percent of all e-commerce activity consists of business-to-business transactions
Lower prices, convenience, and personalization
According to consumer surveys, one of the main reasons customers shop online is the ________
The electronic barrier between a company's internal network and the Internet is called a(n) ________
Many Internet users utilize ________ to automatically eliminate junk email from being sent to their "in" box
________ can be used to post shared answers to common questions without having to respond to individual inquiries
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