You Are Conducting a Business Startup Workshop Sponsored by the Small

question 200

Multiple Choice

You are conducting a business startup workshop sponsored by the Small Business Administration. The workshop attendees are all aspiring business owners who are excited and fearful about the prospect of starting their own business. Early 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 concerns were limited capital and lack of business experience.Based on these concerns, which of the following business strategies do you think would be most appropriate for these workshop attendees? ​

• A)Start their business as a full-service wholesaler
• B)Start their business as a franchisee
• C)Start their business as a mail-order wholesaler
• D)Start their business as a merchant wholesaler
• E)Start their business as a franchiser

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Definitions:

Settlement Houses

community-based organizations, historically established in inner urban areas, to provide various services to immigrants and the poor.

Interventions

Specific actions, treatments, or programs aimed at addressing problems or improving conditions for individuals, groups, or communities.

Evaluate

The process of assessing or examining something or someone critically to determine its value, significance, or condition.

Systematic Monitor

A methodical process or device used to observe, check, and record the operation or condition of something.