MGMT310 Small Bus
Provide positive cash flows immediately
A start-up often does not
Favored Purchasing
An Entry wedge related to policies that provide for quotas for buying from small businesses.
Value Benefits
Characteristics related to the nature of a product or service itself:
Imitative; Innovative
Most small Businesses are more________ than _______.
Consumer
Refers to a private individual or household that is the end-user of a product or service.
Boom
Industry life cycle growth stage marked by a rapid increase in sales in a short time.
Book Value
The difference between the original acquisition cost and the amount of accumulated depreciation
Magic Number
The post-tax income the entrepreneur personally seeks from the business:
the point of indifference
The price at which a buyer is indifferent about buying or not buying the business
Single-mindedness
Which of the Following is a small business supra-strategy?
Government intervention
Which of the following is NOT part of Porter's Five-Forces model?
Obtain sufficient capital to purchase & operate the business
Which of the following is the LAST step performing due diligence?
They are inexpensive and quick to start
Which of the following is true with regard to home-based businesses in the United States?
High Margins
Which of the following provides a buffer for the mistakes made by a start-up business?
Franchising
Which of the following requires a full-time approach to self-employment.
Overlooked Competition
Which of the followings a critical risk to a business?
Moonlighting
Working on one's own part-time business after a regular job is referred to as:
Acquiring a competitor
______ is a strategic action
Scope
______ refers to the geographic range covered by the market
Scale
________ refers to the size of the market
Discounted cash flows
_________________ is a method for determining the value of a business you might purchase.
Chargeback
a fee that a firm might incur for any variety of problems related to the sale.
trade name franchising
an agreement that provides to the franchisee only the rights to use the franchisor's trade name and/or trademarks