商务英语复习题3

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1、1)Whatisanentrepreneur?Answer:Anentrepreneurisabusinesspersonwhoacceptsboththerisksandtheopportunitiesinvolvedincreatingandoperatinganewbusinessventure.2)Whymightanentrepreneurwishtopurchaseanexistingbusinessratherthanstartingonefromscratch?Answer:Anent

2、repreneurmaywishtopurchaseanexistingbusinessbecauseofanincreasedchanceforsuccess.Anexistingbusinesswillhaveestablishedworkingrelationshipswithlenders,suppliers,andthecommunity.Thetrackrecordofanexistingbusinessgivespotentialbuyersamuchclearerpictureofwh

3、attoexpectthananyestimateofanewbusiness'prospects.3)Inafranchise,whatareadvantagesanddisadvantagesforthefranchisee?Answer:Theadvantagesoffranchisingincludeaccesstomanagerialandfinancialhelp,thebenefitsofthesellingcorporation'sexpertiseandexperience,andr

4、educedchancesoffailure.Thedisadvantagesoffranchisingincludesignificantstartupcostsandcontinuedobligationstocontributeapercentageofsalestoparentcorporations.4)Whatisaventurecapitalcompany?Answer:Aventurecapitalcompanyisagroupofsmallinvestorsseekingtomake

5、profitsoncompanieswithrapidgrowthpotential.5)HowhastheInternetaffectedsmall-businessstart-upsinrecentyears?Answer:BecausetheInternetprovidesfundamentallynewwaysofdoingbusiness,entrepreneurshavecreatedandexpandednewbusinessesfasterandeasierthaneverbefore

6、.6)Whatarefourreasonsforsmallbusinessfailurecitedinthetext?Answer:Smallbusinessesfailbecauseofmanagerialincompetenceorinexperience,neglect,weakcontrolsystems,andinsufficientcapital.7)Whatarefourreasonsforsmallbusinesssuccesscitedinthetext?Answer:Smallbu

7、sinessessucceedbecauseofhardwork,drive,anddedication;marketdemandforproductsorservicesbeingprovided;managerialcompetence;andluck.8)Describethreeadvantagesofoperatingabusinessasasoleproprietorship.Answer:Theadvantagesofsoleproprietorshipsincludefreedom,e

8、aseofformation,andtaxbenefits.Asoleproprietorisfreetooperatehisorherbusinessasheorshedesires.Therearefewlegalrequirementsforstartup,andlowstartupcosts.Lossesfromasoleproprietorshipcanoffsetincomefrompersonalsources,providingtaxbe