Brothers Ronnie and Jacob are both in college; Ronnie is a senior and Jacob a sophomore. They’re both majoring in business administration and want to open a small business a few years after graduation. They understand that it’s important to gain more management experience and build good credit ratings. Ronnie wants more security in his work and would be satisfied working with an older partner until he “learns the ropes.” More than Jacob, he’d prefer a business that’s been established for a few years. Although he likes a certain degree of independence, he’s willing to follow directions and take advice. Jacob, on the other hand, wants more freedom to make his own choices and to succeed or fail on his own merits. He’s quite creative and likes to set his own rules.
-As Jacob's business advisor,what would you probably advise him to do?
A) Start a business from scratch.
B) Buy an existing business.
C) Buy a franchise.
D) Go into business with his brother.
Correct Answer:
Verified
Q80: Which of the following is not an
Q81: The "Executive Summary" provides an overview of
Q82: The most important step in the process
Q83: The "Financial Plan" section of the business
Q84: A business plan explains the goods and
Q86: The key to developing a _ is
Q87: A franchise business is appealing because franchisers
Q88: Brothers Ronnie and Jacob are both in
Q89: Brothers Ronnie and Jacob are both in
Q90: The "Mission Statement" section of the business
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