PRe TEST: Situation Analysis ( Essay)1. If you were to start a business, would you have to search for an idea, or do youalready have an idea to try? Explain.2. Why would small business ownership have great appeal to immigrants, women, andminorities?3. How would you go about deciding whether you wanted to start a business fromscratch, buy an existing business, or buy a franchise?4. Many entrepreneurs say they did a little planning, perhaps scratching notes on a legalpad. How is it possible for them to succeed?5. Do you think entreprenurs who launched a new business after deciding to leave a jobon their own versus those who have been forced to leave a job as a result of downsizingare likely to have different traits? Which group is more likely to succeed?

Answered: PRe TEST: Situation Analysis (Essay) 1.…

PRe TEST: Situation Analysis (Essay) 1. If you were to start a business, would you have to search for an idea, or do you already have an idea to try? Explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

PRe TEST: Situation Analysis ( Essay)
1. If you were to start a business, would you have to search for an idea, or do you
already have an idea to try? Explain.
2. Why would small business ownership have great appeal to immigrants, women, and
minorities?
3. How would you go about deciding whether you wanted to start a business from
scratch, buy an existing business, or buy a franchise?
4. Many entrepreneurs say they did a little planning, perhaps scratching notes on a legal
pad. How is it possible for them to succeed?
5. Do you think entreprenurs who launched a new business after deciding to leave a job
on their own versus those who have been forced to leave a job as a result of downsizing
are likely to have different traits? Which group is more likely to succeed?

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