CM 443 Procore Quiz-solved

CM 443 Procore Quiz-solved Once you decide on a name for your business, which of the following is the first action you should take? Form a corporation or a limited liability company Which of the following is the first step in business planning? Performing a SWOT analysis Before entering a joint venture or partnership it is important to establish terms on: Both a & b (Management & Capital Contribution) What is the basis for a strategic plan? Both b & c (It should outline a plan built upon marketing position and potential threats & It should address the 10 year vision for your business) Fill in the blank: A CEO is primarily concerned with _________, A strategic plan Fill in the blank: A marketing plan should _________. Be supported by the business developer In between the time that project leads are generated and contracts are established, which of the following can be used to leverage marketing? Direct Mail Fill in the blank: Business Development is an art because it consists of _____. Both a & c (Image-building & Relationship development) Fill in the blank: Business development is a science because it consists of _____. Both a & b (Consulting & Turning relationships into project opportunities) Typically how long is the Long Sales Cycle in construction? Between 6 months and several years What is intrapreneurship? Starting a business within the confines of an existing business Multiple Answer: Which of the following do both intrapreneurial firms and venture capital firms provide? Advice; Seed Money