- Which of the following is the first step in the initial public offering (IPO) process?
- One of the advantages of using crowdfunding as a source of funding is there is no cap on the amount of money you can raise.
- Intrinsic value is the perceived value arrived at by interpreting balance sheet and income statements through the use of ratios, discounting cash flow projections, and calculating liquidated asset value.
- All of the following are costs an entrepreneur may incur after acquiring capital EXCEPT
- are the group of customers who tend to purchase a product only if they absolutely have to.
- The factors that affect the success of an entrepreneur’s growth strategy can be grouped into three major areas: (1) market and industry factors, (2) management factors, and (3) technology factors.
- suppliers or the company becomes its own supplier by starting another business from scratch or acquiring an existing supplier that has a successful operation.
- With very few exceptions, most entrepreneurs do not scale—meaning they have a difficult time moving from the entrepreneur role to the executive role.
- A venture capital firm invests in a growing business through the use of debt and equity instruments to achieve long-term appreciation on the investment within a specified period of time, typically three to five years.
- The Conway Center for Family Business reports that about of all family businesses survive the transition from first- to second-generation ownership.
- employs a pull strategy, generally focusing on non-price benefits and targeting end-users.
- Which of the following statements about customer complaints is true?
- The American Marketing Association defines the term as a “name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct” from other sellers.
- To prepare the best defense against a cash flow crisis, an entrepreneur must do all of the following EXCEPT
- During startup, an entrepreneur’s main concerns are to acquire sufficient capital,
- , and design a way to deliver a product or service.
- Any investment deal consists of all of the following components EXCEPT
- Risk is a fact of business life, and a company’s exposure to risk decreases as the venture grows.
- The most popular follow-up source of capital for new ventures is private investors, typically people you know or have met through business acquaintances.
- Agreeing to manufacture a product under a different label is an example of a(n)
- By focusing on what an entrepreneur does best and letting others do the rest, the
- strategy helps the business grow more rapidly, keeps unit costs down, and turns out new products more quickly.
- Ellie is a pragmatic customer who tends to wait until a new product is proven and plenty of people are using it before she purchases it. Which of the following customer groups would Ellie most likely belong to?
- A simple version of the venture capital method involves estimating the , the expected return in the harvest year, the post-money valuation, and the pre-money valuation.
- Banks are normally a readily available source of either working capital or seed capital to fund a startup venture.
- All of the following are leadership tendencies that seem to be a problem for entrepreneurs attempting to manage growing organizations EXCEPT
- s generally an integral and critical part of a team-based approach to organizational management.
- If an investor is receiving $75,000 in investment for 20 percent of the company,
- what is the company’s post-money valuation?
- With the rise in technology, which of the following is NOT one of the expectations of consumers?
- Which of the following is NOT part of the “5 Ps” of marketing?
- It is extremely difficult to calculate the probability that a given risk will occur with any degree of accuracy.
- To the extent that entrepreneurs can predict the points of takeoff (optimism) and slowdown (pessimism) in the , they can better manage demand.
- To prepare for the possible unexpected loss of a key employee like the CEO or CFO, it is a good idea to
- The rapid growth stage is characterized by concerns about
- Most product liability insurance covers all of the following EXCEPT
- In the new product adoption/diffusion cycle for technology products, the chasm is a period where there is more customer demand than the company can possibly manage.
- A startup’s predicted worth at the end of the valuation period is known as its
- The time from idea generation through product development, market testing, and product launch is often referred to as the
- An effective press release should contain all of the following EXCEPT
- Launch objectives are the key goals for a marketing campaign.
- The for a startup is a living guide to how a company plans to build customer relationships over its life in order to fulfill the company’s mission statement.
- Many investors suggest structuring a(n) deal for friends and family because this tactic avoids having to place a valuation on the company that is likely to be wrong.