Micro Enterprise 9 Steps to Start a Business PART I

Front

An entrepreneur must take into account their ___________________ when completing their differentiating strategy

Back

competition

Front

Location, product or service quality can be used in the __________________________ strategy

Back

differentiating

Front

Young people between the ages of 21 - 45 with a medium to high income that live in the St Tammany parish buying market would be considered the

Back

exact target market

Front

My proposed business is barber shop so I would consider the money I receive from giving haircuts what?

Back

revenue

Front

My proposed business is a barber shop the shampoo that I use to wash my client's hair would be considered what?

Back

expenses

Front

The owner of a business pays himself/herself at the same time the other employees are paid.

Back

False

Front

Using social media, flyers, banners and television ads are _____________________________ strategies

Back

marketing

Front

Having an open house for a new business that offers discount coupons to everyone who attends is considered a _____________________________ strategy

Back

selling

Front

The fastest way to borrow money for a business is to get a loan from a bank.

Back

False

Front

A bank loan has the highest interest rate that can be paid by a business for a loan.

Back

False