Chapter 4
Chapter 5
Chapter 6
Chapter 7
Misc.
100
What is the plan or model that a firm uses for how it will compete, use it's resources, structure its relationships, interface with customers, and create value to sustain itself on the basis of the profits it generates?
What is a Business Model.
100
What is the most important thing any entrepreneur, or team of entrepreneurs, can do to build a strong ethical culture in their organization?
What is Lead by Example.
100
What are Environmental Trends?
What are economic trends, social trends, technological advantages, and political and regulatory changes.
100
A written narrative that describes what a new business plans to accomplish.
What is a Business Plan.
100
What is customer interface?
What is the way a firm interacts with its customers. The three main elements are target customer, fulfillment/support, and the pricing model.
200
What are some fatal flaws a business may run into?
What are misreading the customer, misreading the current and pending competitive environment, misreading the resources required, and unsound economics.
200
What is a formal statement of an organization's values on certain ethical and social issues.
What is a Code of Conduct.
200
What factor of the 5-forces model relate to the price that consumers are willing to pay for a product depending on the availability of alternative products?
What is the Threat of Substitutes.
200
The three types of business plans.
What are Summary, Full, and Operational.
200
This section of a business plan outlines the proprietary issues?
What is The Design and Development Plan.
300
What is a core strategy?
What is the first component of a business model which describes how a firm competes relative to its competitors.
300
What is a written document that deals with issues such as the relative split of the equity among the founders of the firm and how individual founders will be compensated for the cash or the "sweat equity" they put into the firm and how long they will have to remain with the firm for their shares to fully vest?
What is the Founder's Agreement.
300
What factor of the 5-forces model have the following barriers to entry: economies of scale, product differentiation, capital requirements, cost advantages independent of size, access to distribution channels, and government and legal barriers?
What is the Threat of New Entrants.
300
A short overview of the entire business plan.
What is the Executive Summary.
300
These is the primary activities of the Value Chain.
What are: Inbound logistics-operations-outbound logistics-marketing and sales-service.
400
What is the string of activities that moves a product from the raw materials stage, through manufacturing and distribution, and to the end user?
What is the Value Chain.
400
What are the four forms of a Business Ownership?
What are Sole Proprietorships, Partnerships, LLCs, and Corporations.
400
Switching costs, supplier concentration, attractiveness of substitutes, and the threat of forward integration are barriers to entry for which of the five forces?
What is The Bargaining Power of Suppliers.
400
This part of a business plan includes the company history, current status, legal status/ownership, and key partnerships.
What is the Company Description.
400
These are the primary elements of the Core Strategy.
What are the Mission statement, product/market scope, and basis for differentiation.
500
What are the two most important strategic resources?
What are a firm's core competencies and strategic assets.
500
What is a business that combines the advantages of a partnership and a C corporation?
What is a Subchapter S Corporation.
500
The type of industry that is characterized by a large number of firms of approximately equal size?
What is a Fragmented Industry.
500
This section of a business plan addresses the basic logic of how profits are earned in the business and how many units of a business's profits must be sold for the business to "break even".
What is The Economics of the Business.
500
The advantages following relate to this type of business: the number of shareholders is unlimited, it can elect to be taxed how the shareholders want, there is no double taxation, and members are only liable for the debts and obligations up the amount of their investment.
What is an LLC.
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