Category: Uncategorized

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 worst location?

“Big box retailers” present an opportunity for many small business owners.

Steps in the patent process include ________.

A creditor’s claim against an asset is referred to as lien.

Entrepreneurs tend to be overly ________ and commonly misjudge the ________ requirements of going into business.

A new owner of an existing business can generally introduce change and innovation almost as easily as if the company were a new business because employees and customers expect change in business practice when there is a change in ownership.

Any distinctive word, phrase, symbol, name, or logo a firm uses to distinguish itself or its products is called a ________.

Which of the following question(s) should you consider before entering a lawsuit to protect intellectual property?

A firm’s strategy must focus on establishing for the firm the key success factors the entrepreneur has identified for the industry.

A prospective buyer should have an attorney thoroughly investigate all of the assets for sale in a business and their lien status before buying any business.