Brothers Ronnie and Jacob are both in college; Ronnie is a senior and Jacob a sophomore. They’re both majoring in business administration and want to open a small business a few years after graduation. They understand that it’s important to gain more management experience and build good credit ratings. Ronnie wants more security in his work and would be satisfied working with an older partner until he “learns the ropes.” More than Jacob, he’d prefer a business that’s been established for a few years. Although he likes a certain degree of independence, he’s willing to follow directions and take advice. Jacob, on the other hand, wants more freedom to make his own choices and to succeed or fail on his own merits. He’s quite creative and likes to set his own rules.
-If you were a business advisor,what would you probably recommend for Ronnie?
A) Start a business from scratch.
B) Buy an existing business.
C) Buy a franchise.
D) Go into business with his brother.
Correct Answer:
Verified
Q86: The key to developing a _ is
Q87: A franchise business is appealing because franchisers
Q88: Brothers Ronnie and Jacob are both in
Q89: Brothers Ronnie and Jacob are both in
Q90: The "Mission Statement" section of the business
Q92: Brothers Ronnie and Jacob are both in
Q93: The "Target Market" section of the business
Q94: The most important step in the process
Q95: The final step in the process of
Q96: The "Executive Summary" section of a business
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