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Question
Acquisition - you create a business that someone will want to acquire at a future period. Your strategy could be that you want to create a business that will be valuable for a current competitor or a member of your distribution channel. The plan is that the purchase of your firm will pay you and your investors more than you put into the business. A rule of thumb for a small business is that the purchase price should be three times the firm's annual net profit.Answer
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Related questions
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Why is it not a good idea to tell investors in your business plan that your exit strategy is simply "to take the business public"?
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One of the advantages of an Employee Stock Ownership Plan is that ________.
A) the owner will have to look for buyers in the general public
B) it will prevent employees from having control of the company
C) employees will likely quit and leave
D) ESOPs offer tax breaks to the company
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Describe three simple methods that can be used to estimate a selling price for a business:
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B) higher marketing and promotional costs
C) royalties
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A) product life cycle
B) product line extension program
C) brand
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A ________ is a business that markets a product or service in the manner prescribed by the parent business.
A) license
B) franchise
C) replica
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Explain replication strategies and harvesting and how they differ.
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Companies that have faced ethical scandals typically did not have ________ in place to ensure that managers did not misuse funds or otherwise behave illegally or unethically.
A) better business regulations
B) penalties
C) corporate governance
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Many companies staff their human resources organizations using a ratio of one HR executive per ________ employees.
A) 50 -100
B) 50 - 200
C) 10 - 50
D) 250 - 1000
Q:
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A) line
B) staff
C) flat
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Why is it important for an entrepreneur to pay him/herself regularly in a consistent manner out of the business's earnings?
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A) asset optimization
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If a business owner wants his/her pay to be a variable operating cost, a ________ is most appropriate.
A) bonus
B) wage
C) salary
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The central focus of total quality management (TQM) is continuous improvement.
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________, an American economist, argued that business should focus on making quality products instead of maximizing profits - and that profit would follow.
A) Conrad Hilton
B) W. Edwards Deming
C) Paul Samuelson
D) Adam Smith
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What organization administers the Malcolm Baldrige National Quality Award?
A) United Nations (UN)
B) National Aeronautical and Space Administration (NASA)
C) National Institute of Standards and Technology (NIST)
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________ are three of the eight quality management principles for organizational improvement.
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Engineers from what company developed Six Sigma in the 1980s?
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A) Safety stock levels
B) Sufficiency levels
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Factors to consider when selecting a ________ include charging a price you are willing to pay and timely delivery.
A) customer
B) supplier
C) sales representative
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What is used to identify and distinguish the source of a service rather than a product?
A) sales mark
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C) service mark
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B) register your business name
C) protect all your intellectual property
D) protect your business name
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An injured party whose rights in a contract have been breached can bring a(n) ________ against the other party.
A) arbitration
B) motion
C) mediation
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________ are the building blocks of business.
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B) Contracts
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D) Customer services