International Trade Answers

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What must an entrepreneur assume when starting a business?

that the correct location guarantees success

that every product has a customer who wants it

that clever market strategies may still fail to sell a product

that raising funds is the most difficult step in starting a business

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The main advantage that corporations have is

limiting liability for owners and stockholders.

giving many owners a say in business decisions.

being inexpensive and easy to establish.

requiring fewer state and federal regulations.

A new business should be based on an entrepreneur's individual interests because the entrepreneur must

have sufficient confidence to succeed.

be willing to take personal responsibility.

have enough determination to work alone.

dedicate as many hours as needed to the work.

Which characteristic of being an entrepreneur could be seen as both a benefit and a drawback?

job security.

personal fulfillment.

financial risk.

a flexible working environment.

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