Gmetrix Questions and Answers with Verified Solutions

Gmetrix Questions and Answers with Verified Solutions Besides defining strengths and weaknesses, what is the other main factor determined during a self-assessment? risk tolerance Which are considered risks of being an entrepreneur? choose three answers. Financial instability & Possible business failure & Long hours George wants to take his passion for golf and open a golf academy. What would be the benefits George could enjoy from this experience? Choose two Financial gain & Satisfaction of pursing his passion After doing a self assessment, Peter realizes he wants to start a plumbing business, but doesn't want to risk a lot of his own money. What would be his best option? Purchase an existing business Working the way one chooses & Bigger community asset & Potential for better earnings compared to a regular job Which are considered rewards of being an entrepreneur? Choose three answers Flexibility Todd wants to open a golf shop. Todd does not have any collateral except for his Ford Pinto. Upon attempting to secure financing from a bank, Todd is rejected for lack of collateral. Todd then turns to private investors in an effort to get the business started. What entrepreneurial characteristic is Todd exhibiting? Patient & Confident & Enthusiastic Which are traits of a successful entrepreneur? Choose three answers. Evaluate why the location failed and use that knowledge for future ventures Phyllis owns multiple pet stores. Phyllis opens a new pet store in a growing area of town but the new store fails and closes after a year. How should Phyllis best handle this? A lack of patience Ronnie wants to start a retail outdoor sports store. In the last 10 years, Ronnie has moved five times to five different states. What about Ronnie could hamper potential success for his businesses? Patience Which entrepreneurial trait deals with ambiguity? Location Donnie is new to a town that does not have a doggie day care facility. Upon researching the situation, Donnie decides to open a doggie day care facility. Which marketing option for this new business should be a point of emphasis? Lower prices Fran works for a flooring company in a neighboring town. Many of Fran's customers complain about lack of available flooring in the area and that of those companies, the prices are too high. Should Fran decide to open a flooring business, what can be a good marketing strategy? Autonomy Rey has worked as a transportation coordinator for the past 10 years. Rey often is dissatisfied with the stagnation of the job and wants to open her own transportation service. Which benefit of entrepreneurship will be the biggest