Q&A - What is franchising?
A business idea for a start-up doesn’t have to be original. Many new businesses are formed with the intention of offering an existing business idea. The use of franchises is a great example of that.
read more...»Q&A - What are the main non-financial objectives of entrepreneur starting a new business?
Contrary to popular belief, starting a business is not always about financial objectives. Very often a new business is started with other, non-financial objectives in mind. Here are some of the non-financial motives that are often quoted by entrepreneurs:
read more...»Q&A - What are the financial objectives of a new business?
This note outlines the main financial objectives that are set by an entrepreneur.
read more...»Q&A - What is revenue?
A business exists to provide products (goods and services). Those products are sold to customers. When a customer buys a product, that transaction becomes a sale for the business. That’s what businesses do – they make sales. The value of sales made is the revenue of the business.
read more...»Q&A - What is meant by adding value
Adding value is a key concept in busiesss studies. This note explains in more detail.
read more...»Q&A - What are the characteristics of successful entrepreneurs?
Much research has been done to examine the personality and other characteristics of successful entrepreneurs to see if there is a proven method or route to success. You will find many lists of “what is takes to be an entrepreneur”, but they tend to say similar things. So here is a summary of the key findings!
read more...»Q&A - What determines price elasticity of demand?
There are several factors that affect the price elasticity of demand for a product:
read more...»Q&A - What is meant by production capacity?
Capacity can be defined as: the maximum output that a business can produce in a given period with the available resources
read more...»Q&A - What motivates someone to start a business?
A student asks:
What motivates someone to start a business?
read more...»Q&A - What is an entrepreneur and what characteristics do entrepreneurs need to succeed?
A student asks:
What is an entrepreneur and what characteristics do entrepreneurs need to succeed?
read more...»Q&A - What is a brand name and what are the advantages of having a strong brand?
A student asks:
What is a brand name and what are the advantages of having a strong brand?
read more...»Q&A - What is capacity utilisation and why is it important?
Capacity utilisation measures the extent to which a business is using its production potential.
read more...»Q&A - What are the main advantages and disadvantages of being a private limited company?
What are the main advantages and disadvantages of being a private limited company?
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