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Mind-mapping is a graphical technique that encourages thinking on both sides of the brain, visually displays the various relationships among ideas, and improves the ability to view a problem from many sides.

Weaknesses are negative external forces that inhibit the firm’s ability to achieve its mission, goals, and objectives.

Employee assistance programs (EAPs) are an effective weapon in the battle against workplace substance abuse.

One of the rights given to consumers by the Consumer Bill of Rights is the right to safety.

In 2020, members of three different generations will be working side by side in the United States.

As an entrepreneur, you are always working for someone else – your customers.

Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.

For the question(s) below, consider the following competitive profile matrix: Competitive Profile Matrix Key Success Factors Your Business Weighted Competitor 1 Weighted Competitor 2 Weighted Weight Rating Score Rating Score Rating Score Quality .35 4 1.40 2 .70 1 .35 Service .20 4 .80 2 .40 2 .40 Convenience .15 2 .30 4 .60 1 .45 On-Time Delivery .20 2 .40 4 .80 3 .60 Location .10 3 .30 1 .10 2 .20 Total 1.00 3.20 2.60 1.70 Which company has the strongest competitive position?

When evaluating a business as a potential candidate for purchase, an entrepreneur should determine the real reason the current owner wants to sell.

Conducting a SWOT analysis for her/his own business and for her/his key competitors allows an entrepreneur to gain a competitive edge by matching her/his company’s strengths against her/his competitors’ weaknesses.