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14.6: Review Questions

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    50712
    • Michael Laverty and Chris Littel et al.
    • OpenStax

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    1.

    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?

    This page titled 14.6: Review Questions was last modified on Mon, 23 Nov 2020 22:05:39 GMT and is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Michael Laverty and Chris Littel et al. (OpenStax) via source content that was edited to the style and standards of the LibreTexts platform.