More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small busin
ess is defined as any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people. Understanding the advantages and disadvantages of small business ownership is crucial for any potential entrepreneur. Match each statement or scenario with the appropriate advantage or disadvantage of small business
i. ownership.ii. Focusiii. Reputationiv. High stress levelv. Inexperience/Incompetencevi. Flexibilityvii.Inability to cope with growthviii.Costsix. Independencex. High failure rateMatch each of the options above to the items below.1. One of the leading reasons for becoming your own boss. 2. A 20-employee factory does not have a designated accounting or advertising department.3. The pizzas offered on the Patrick’s Pizza menu are often based on the types of produce in season.4. Mike’s trucking business provides specific information and products to commercial truck drivers.5. Brandy’s nursery offers delivery and expert installation of their trees at no extra cost to the customer and will replace any defective one up to 3 years after purchase.6. Sue works more than 60 hours a week at her construction business and cannot find reliable suppliers for lumber inventory.
7. Half of all new employer firms fail within the first five years.8. As a fitness expert, Tyler is having difficulties understanding the accounting requirements for his bank business loan for his workout facility.9. Circumstances such as products not arriving on time due to limited capacity affect the reputation of a company more than any other factor.
Persuasive advertising: Reinforce why consumers should choose Enliven as their first choice.
Explanation:
If my first task is to set an advertising objective and my key goals are to build brand preference for your product and to differentiate your product as the safe and natural choice.
Then my decision on the best type of objective for your national campaign will be Persuasive advertising: Reinforce why consumers should choose Enliven as their first choice.
By definition Persuasive Advertising is a type of product promotion that aims to <u>persuade a consumer for buying a particular product, especially in the presence of several similar products in the same category.
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Informing customers or reminding them will be insufficient and inappropriate because it will not achieve the goal of differentiating Enliven from other products
Explanation:HR(Human resource) Strategies are a long term plan of an organisation which is the overall human resources management plan aimed at meeting the current market trends and the Strategic objectives of the Organisation.
The human resource strategy is essential for the future and overall growth of the Organisation.
FOR BUSINESS ORGANISATIONS TO SUCCEED IN THIS EVER CHANGING AND COMPETITIVE BUSINESS ENVIRONMENT AND ATTRACT COMPETENT EMPLOYEES, ALL BUSINESS ORGANISATIONS MUST DEVELOP HUMAN RESOURCES STRATEGIES.
entrepreneurs are people who start businesses in its simplest definition. A successful entrepreneur must see an opportunity and take advantage of that opportunity. Not all entrepreneurs have extensive education of market experience. Good entrepreneurs rely on business plans and venture capital (which can sometimes be their own money.) Also, entrepreneurs can hire outside help to solve problems, running a business does not have to be a one-man show.