14.6: Review Questions
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What types of tangible, intangible, and funding resources exist? Give examples of each.
2.What is an example of a tangible resource and an intangible resource?
3.What is the PEST tool? How can entrepreneurs use it to their advantage before launching a business?
4.Why is it important to figure out costs before launching a business?
5.What are examples of costs that must be taken into consideration before opening a business?
6.What is the difference between one-time costs and monthly costs? How much should an entrepreneur have of monthly costs in advance?
7.Define the resource dependence theory.
8.What is the life cycle of a business and how do resource needs and their associate costs shift over time?