Using focus groups is an example of primary research.

Which of the following is/are true regarding business plans?

The United States is moving toward a “minority majority.”

A business model is an original, functional model of a new product that entrepreneurs can put into the hands of potential customers so that they can see it, test it, and use it.

When done correctly, the due diligence process will ________.

About 20 percent of downsized corporate managers have become entrepreneurs.

The hidden market of companies (those companies that might be for sale and are not advertised) is one of the richest sources of top quality businesses to purchase.

Accounts receivable are rarely worth face value and should be “aged” when evaluating a company’s assets.

The final aspect of the financial feasibility analysis combines the estimated earnings and the capital requirements to determine the ________.

Failure is an important part of the creative process, as it provides a chance to learn how to succeed.