You are conducting a business startup workshop sponsored by the Small Business Administration.The workshop attendees are all aspiring business owners who are excited yet fearful about the prospect of starting their own businesses.Earlier in the workshop,you asked the attendees to complete a questionnaire about their major concerns in starting a new business.The majority of the respondents indicated their biggest concern is lack of business experience. Based on this concern,which of the following business strategies is most appropriate for these workshop attendees?

Question

You are conducting a business startup workshop sponsored by the Small Business Administration.The workshop attendees are all aspiring business owners who are excited yet fearful about the prospect of starting their own businesses.Earlier in the workshop,you asked the attendees to complete a questionnaire about their major concerns in starting a new business.The majority of the respondents indicated their biggest concern is lack of business experience. Based on this concern,which of the following business strategies is most appropriate for these workshop attendees?
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Quizplus · Accepted Answer

Starting a business as a franchisee can be a good strategy for those who lack business experience. Franchisors provide extensive training programs and ongoing support to ensure their franchisees are successful. This can help ease the concerns of the workshop attendees and give them the necessary guidance and support to run a business effectively. Option A, starting a business as a full-service wholesaler, may require more experience in the industry and may not provide as much support as a franchise. Option C, starting a business as a mail-order wholesaler, may require a strong understanding of logistics and distribution. Option D, starting a business as a merchant wholesaler, may require experience in sales and marketing. Option E, starting a business as a franchiser, is not relevant to the workshop attendees as they are aspiring business owners and not established franchises looking to expand.

You Are Conducting a Business Startup Workshop Sponsored by the Small