Question

Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City. The Mexican operation will offer the U.S.-based company an increased market presence in Central and South America. The new company will be renamed MK Ottens Flavors. MK Ottens Flavor was created through a(n):

	A.	Joint venture
	B.	Merger
	C.	Conglomerate
	D.	Cartel
	E.	Voluntary union

Andy Yocom saw prime advertising space on the flags on the golf course. He reasoned that any marketing messages would get prominent attention if they were placed on the flags since golfers focus on them when they take their shots. As a result Yocom used his own initiative and money to start Invision Golf Group Inc. Yocom is an example of a(n):

	A.	Entrepreneur
	B.	Venture capitalist
	C.	Capitalistic adventurer
	D.	Franchiser
	E.	Ultra-capitalist

Michael Bronner made a killing in the direct marketing business as the co-founder and CEO of Bronner Slosberg Humphrey, a wildly successful direct-marketing firm. His newest venture, Upromise Inc., enlists some of America's largest corporations to help families pay for college and is extremely successful. The 40-year-old Bronner will more than likely start at least one more new company before he retires because Bonner is a(n):

	A.	Interpreneur
	B.	Multipreneur
	C.	Intrapreneur
	D.	Growth entrepreneur
	E.	Micropreneur

A well-written business plan should contain:

	A.	Executive summary or company overview
	B.	A marketing plan
	C.	A vision and mission statement
	D.	A management plan
	E.	All of the above

After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used ________ financing.

	A.	Debt
	B.	Liquid
	C.	Equity
	D.	Venture
	E.	Entrepreneurial

Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Jain used ________ financing.

	A.	Debt
	B.	Liquid
	C.	Equity
	D.	Venture
	E.	Entrepreneurial

Which of the following is a trend that is changing the face of entrepreneurship and small business ownership?

	A.	Stagnant demographics
	B.	Entrepreneurial diversity
	C.	Decreased use of overseas bundling
	D.	An increase in the number of corporate mergers and acquisitions
	E.	All of the above

I need help with these questions, please

Answer 1

1. The new company MK Ottens Flavors was created through a merger in order to achieve scale and production efficiency by expanding its reach to new markets and new segments.

2. Yocom is an example of an enterpreneur as he has started his own business by undertaking financial risk upon himself in hope of profit.

3. Bronner is a multipreneur as he is pursuing more than one enterpreneurial avenue at a time.

4. A well written business plan should contain all of the above due to the following reasons:-

• Every business should have a long term and good vision and how they will acheive it
• A good entrepreneur should also know how will he market his business to create the demand for his product/service
• Business plan should also give a brief about the Company and its executive summary
• A plan should also enlist how the business will be managed so as make it a success

5. He is using Debt Financing, as his parents are providing funds to him as a loan and is expecting it to be repaid along with interest

6. He has used Equity Financing, as he is selling his shares/stock to raise the funds.

7. Increase in number of mergers and acquisition is changing the face of entrepreneurship and small business, because it helps in reaching out to greater markets with larger funding and more efficiency.