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Question
When a business grows too big for the entrepreneur to run it alone, he/she should consider ________.A) franchising the business
B) taking management classes to become a better manager
C) slowing down marketing efforts to bring the business's growth back under control
D) raising capital and using it to hire managers
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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Which of the following is not a benefit of franchising to the franchisor?
A) growth with minimal capital investment
B) higher marketing and promotional costs
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A) product life cycle
B) product line extension program
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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
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A) 50 -100
B) 50 - 200
C) 10 - 50
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A) line
B) staff
C) flat
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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
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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)
D) National Merit Award Administration (NMAA)
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A) Safety stock levels
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A) customer
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A) sales mark
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B) register your business name
C) protect all your intellectual property
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A) arbitration
B) motion
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