SBE420 final exam

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SBE420
Question 1. 1. (TCO 1) Why is it important to know your firm's strengths and weaknesses? Why is it also important to know the opportunities and threats that exist in the external environment? (Points : 30)
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Question 2. 2. (TCO 2) Compare and contrast the three risk-management strategies: risk avoidance, risk anticipation, and risk transfer. Give an example of each. (Points : 30)
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Question 3. 3. (TCO 3) Describe each item that should be included in an executive summary of a business plan. Why is it important to keep the executive summary short? (Points : 30)
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Question 4. 4. (TCO 4) What is contractual capacity? Who cannot legally enter into a contract? Explain the concept of breach of contract. (Points : 30)
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Question 5. 5. (TCO 5) Describe the types of layouts that a retailer can use. What are the advantages and disadvantages of each? Give an example of each one. (Points : 30)
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Question 6. 6. (TCO 6) Explain why employees steal. How can a small business owner prevent stealing by its employees? (Points : 30)
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Question 7. 7. (TCO 7) What role do angels play in financing small companies? What and how do they tend to finance start-ups? What types of firms do they typically finance? (Points : 30)
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Question 8. 8. (TCO 8) What are some ways to trim overhead expenses in order to avoid a cash crunch? Explain how each way can reduce the cash requirements for a small business? (Points : 30)
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Question 9. 9. (TCO 9) What is relationship marketing? What are the four steps that are part of relationship marketing? (Points : 30)
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Question 10. 10. (TCO 10) What errors are common in a team-oriented environment? How can a manager ensure the team’s success? (Points : 30)
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