1.( TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market.( Points: 5)
Assets Economies of scale Barriers to entry Technological requirements Fixed costs
Question 2.2.( TCO 1) People who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address include which of the following?( Points: 5)
Bankers Government employees Surrounding / competing businesses Foreign business leaders Domestic business leaders
Question 3.3.( TCO 1) Home-based entrepreneurs should focus on _____.( Points: 5)
seeking a short-term payoff creating a long-term vision accepting security getting a line-of-credit from a foreign bank understanding financial ratios on their balance sheet