Describe at least 3 specific ways the Small Business Administration (SBA) assists entrepreneurs. Max credit for specific ideas described in our course content. 

A traditional McDonald’s and a McCafe are examples of the McDonald’s Corporation product mix.   Is the above statement true or false?

As an employee of a small business, Dante has heard the owner is getting ready to retire. Since Dante would like to buy the business, he needs to determine how much the business is worth. In order to determine a fair price for the business, Dante should add up the market value of all of the firm’s physical assets such as buildings, machinery, equipment, and inventory, and willingly pay this amount for the business.   Is the statement above true or false?

Josie recently took a job in the marketing department for Beachside Bagels and Bakery. After just a few days on the job, Josie learned that the company has many layers of management, and seems to have a rule to cover almost every situation. These conditions suggest that Beachside Bagels and Bakery is a(n) ___________________.  

Describe the steps involved in conducting marketing research. Maximum points will be given for the list of specific steps plus the description of each step. 

Which of the following statements would a follower of Adam Smith most likely make?  

Manufacturing companies are concerned with production management, while service companies are concerned with operations management.

Gabriella strongly prefers a specific brand of gourmet coffee. Since there is only one store in her area that sells her brand, she makes an extra effort to purchase this item. Gabriella’s purchasing behavior indicates for her this product is a specialty good.   Is the statement above true or false?

As a manager of a small clothing store, Archer favors detailed job descriptions, formal rules and regulations, thorough records, and standardized procedures. He also believes that staffing and promotion decisions should be based strictly on the qualifications of the people under consideration. Archer’s attitudes suggest that he is strongly influenced by the ideas of _________________.  

Green Giant Green Beans, Chevrolet Corvette, Coca-Cola, Dole Pineapple, and Peter Pan Peanut Butter are all examples of ________________.   Select the statement that best fits the above statement.