Question 162 pts An industry “cluster” arises because of the increase of productivity of the firms participating in them

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Question 162 pts
An industry “cluster” arises because of the increase of
productivity of the firms participating in them. A semiconductor
start-up, for example, might decide to launch in a geographic area
where there are other semiconductor firms, rather than another
area. It is easier for the employees of these firms to network with
one another and for the firms to gain access to:
Group of answer choices
(a) Specialized suppliers, scientific knowledge, and
technological expertise native to the area.
(b) Scientific suppliers, specialized knowledge, and
technological expertise native to the area.
(c) Technological suppliers, technological knowledge, and
scientific expertise native to the area.
(d) Domestic suppliers, start-up knowledge, and investor
expertise native to the area.
Flag question: Question 17
Question 172 pts
The Executive Summary is the first item that appears in a
business plan. It is a short overview of the entire plan, and it
provides a busy reader with everything that needs to be known about
the new venture’s distinctive nature. The executive summary is
arguably the most important part of the plan because:
Group of answer choices
(a) It is written first and therefore has all the important
components in place.
(b) It is a summary of the entire business plan.
(c) Many investors read only the Executive Summary and not the
rest of the business plan.
(d) Many investors will ask to review an executive summary
before deciding whether to request a full business plan.
(e) (a) only
(f) (b), (c), and (d) only
Flag question: Question 18
Question 182 pts
Some investors ask for a short PowerPoint (10 to 15 slides)
overview rather than a traditional Executive Summary because:
Group of answer choices
(a) It is more appropriate for a busy potential investor to
click through a few slides than to review the Executive
Summary.
(b) It is more convenient for a busy potential investor to click
through a few slides than to analyze the Executive Summary.
(c) It is quicker for a busy potential investor to click through
a few slides than to read the Executive Summary.
(d) It imakes common sense for a busy potential investor to
click through a few slides than to ponder over the entire Executive
Summary.
Flag question: Question 19
Question 192 pts
A Mission Statement defines why a company
exists and what it aspires to become. In the business plan it
shows:
Group of answer choices
(a) Where your company is going to be and how it is going to get
there.
(b) That your business is focused and that you can articulate
its purpose clearly.
(c) What product or service your company is going to offer and
where the product or service is going to be offered.
(d) How the company is going to conduct its operations and who
the management team is going to be.
Flag question: Question 20
Question 202 pts
It is important that the industry analysis focus strictly on a
firm’s industry rather than its industry and its target market
simultaneously. This is because it is:
Group of answer choices
(a) Premature for a new firm to select, or even talk about, a
specific target market until an understanding of the broader
industry is obtained.
(b) Premature for a new firm to select, or even talk about, a
specific target market until an understanding of the underlying
industry is obtained.
(c) Premature for a new firm to select, or even talk about, a
specific target market until an understanding of the specific
industry is obtained.
(d) Premature for a new firm to select, or even talk about, a
specific target market until an understanding of the deeper
industry is obtained.