UAS Exam 3
Entrepreneurial route - correct answer ✔✔Defining a new concept, starting a business, and bringing
derived services or products to market
In field employment - correct answer ✔✔Conventional path by collaborating and using an organizations
resources to generate business
What factors contribute to success? - correct answer ✔✔Establishing a brand, networking among
stakeholders, reputation, and marketing services
When starting a local business it is important to consider what? - correct answer ✔✔Expectations,
needs, and requirements
Service based is something that is... - correct answer ✔✔Intangible
Developing a specific product is something that is... - correct answer ✔✔Tangible
Conventional business guidance states that in order for an economic enterprise to succeed it should
provide what things? - correct answer ✔✔Lower cost, quality, and efficiency
What is a critical part of the start-up? - correct answer ✔✔Development of a clear and accurate business
plan
The business plan should be what? - correct answer ✔✔Dynamic and subject to updates
How can you go about obtaining an LLC (limited liability company)? - correct answer ✔✔You can do it
yourself or hire an agent
Entrepreneurial route - correct answer ✔✔Defining a new concept, starting a business, and bringing
derived services or products to market
In field employment - correct answer ✔✔Conventional path by collaborating and using an organizations
resources to generate business
What factors contribute to success? - correct answer ✔✔Establishing a brand, networking among
stakeholders, reputation, and marketing services
When starting a local business it is important to consider what? - correct answer ✔✔Expectations,
needs, and requirements
Service based is something that is... - correct answer ✔✔Intangible
Developing a specific product is something that is... - correct answer ✔✔Tangible
Conventional business guidance states that in order for an economic enterprise to succeed it should
provide what things? - correct answer ✔✔Lower cost, quality, and efficiency
What is a critical part of the start-up? - correct answer ✔✔Development of a clear and accurate business
plan
The business plan should be what? - correct answer ✔✔Dynamic and subject to updates
How can you go about obtaining an LLC (limited liability company)? - correct answer ✔✔You can do it
yourself or hire an agent
