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Question 1

BUS 435 Entire Course

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BUS 435 Week 1 DQ 1 New or Established Venture?

BUS 435 Week 1 DQ 2 Business Opportunity

BUS 435 Week 1 Business Research

BUS 435 Week 2 DQ 1 Franchising

BUS 435 Week 2 DQ 2 Legal Forms

BUS 435 Week 2 Business Concept

BUS 435 Week 3 DQ 1 Marketing Research

BUS 435 Week 3 DQ 2 Pricing

BUS 435 Week 3 Customer Survey

BUS 435 Week 4 DQ 1 Start-Up Capital

BUS 435 Week 4 DQ 2 Sales and Cash Budget

BUS 435 Week 4 Funding Strategies

BUS 435 Week 5 DQ 1 MBO

BUS 435 Week 5 DQ 2 Global Expansion

BUS 435 Week 5 Final Paper

Answer 1

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Question 2

BUS 435 Week 1 Business Research

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Identify a product or service for a new business you would like to start. Provide research from at least three references in a one to two page paper on your chosen product/service and industry. What are the market conditions? What are the risks? What does your research tell you about what a new business owner should do when starting a new business?

Answer 2

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Question 3

BUS 435 Week 1 DQ 1 New or Established Venture

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What would be your choice if posed with the decision between starting up a new venture or buying an ongoing venture if you have an opportunity to be an entrepreneur? What are the considerations that would help you make the decision? Respond to at least two of your classmates’ postings.

Answer 3

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Question 4

BUS 435 Week 1 DQ 2 Business Opportunity

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Identify a product or service and assess the business opportunity for a new venture in that market. Is there a good opportunity for a new venture? Why? How would you create value for the product or service if you were the entrepreneur of the new venture? Respond to at least two of your classmates’ postings.

Answer 4

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Question 5

BUS 435 Week 2 Business Concept

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Prepare a one to two page summary for your initial Final Paper business concept. The summary should address the concept description, summarizing the essence of your venture, as well as at least three of the following elements:

Opportunity/potential: Why is this a good opportunity? What are the market trends? How large is the market?

Product/Service: Describe the product/service for your new business. What range of products/services will be offered? What are the prices?

Target market: Is it a business market or a consumer market? How is your product designed to meet the needs of your target customer?
Competitive advantage: How do you differentiate your product/service from your competitors?

Answer 5

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Question 6

BUS 435 Week 2 DQ 1 Franchising

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Assume that you consider a franchising opportunity for your new venture in the fast-food industry. Assess the strengths and the weaknesses of this franchising opportunity for your new venture. Describe your decision-making process on whether franchising is a good choice for your new venture. Respond to at least two of your classmates’ postings.

Answer 6

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Question 7

BUS 435 Week 2 DQ 2 Legal Forms

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There are different legal forms of a business: corporation, limited liability company (LLC), proprietorship and the partnership. Which legal form will you choose to establish your new venture to be proposed in your Final Paper business plan? Why did you choose that particular legal form to establish your new venture? What are the strengths and the weaknesses of the legal form that you have chosen for your venture? Respond to at least two of your classmates’ postings.

Answer 7

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Question 8

BUS 435 Week 3 Customer Survey

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Prepare a questionnaire to survey at least 5 potential customers to determine the level of interest in your product or service. Potential questions are: What do they purchase now and how do they decide what to buy? Are they satisfied with the current product/service offered in the current market? Will they be interested in the new product/service that you will be offering? How much will they be willing to pay for the new product/service? Prepare a one to two page summary of your survey results (including the survey questions used).

Answer 8

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Question 9

BUS 435 Week 3 DQ 1 Marketing Research

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How do you conduct the marketing research for your new venture? Describe the steps that you will be using in your Final Paper research process and identify the limitations of your research. Respond to at least two of your classmates’ postings.

Answer 9

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Question 10

BUS 435 Week 3 DQ 2 Pricing

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How do you set the price for your product or service? Identify at least two pricing strategies that you may be using for your start-up business and explain why you think each identified pricing strategy is beneficial to your product or service. Respond to at least two of your classmates’ postings.

Answer 10

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Question 11

BUS 435 Week 4 DQ 1 Start Up Capital

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How do you obtain your start-up capital? Identify at least three sources of your start-up capital. There are four types of loans available from banks for new ventures. Which type of loans would you prefer to borrow from banks? Explain why you prefer to borrow that particular type of loan. Respond to at least two of your classmates’ postings.

Answer 11

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Question 12

BUS 435 Week 4 DQ 2 Sales and Cash Budget

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Define sales budget and cash budget. Explain the importance of sales budget and cash budget to the owner-manager. How do you use sales budget and cash budget to control the operation of your venture? Give a detailed example of how the process of a sales budget and a cash budget would work for your venture. Respond to at least two of your classmates’ postings.

Answer 12

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Question 13

BUS 435 Week 4 Funding Strategies

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Prepare a one to two page paper on funding strategies for your start-up business. Two main sources of funding include equity funding and debt funding. What type of funding do you think would work best for your business? Describe the sources and uses of funds in detail.

Answer 13

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Question 14

BUS 435 Week 5 DQ 1 MBO

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How do you apply the MBO (Management by Objectives) process in your venture? Provide examples on how better morale will enhance productivity. Respond to at least two of your classmates’ postings

Answer 14

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Question 15

BUS 435 Week 5 DQ 2 Global Expansion

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Identify at least three challenges of global expansion and address how you would face those challenges. Respond to at least two of your classmates’ postings.

Answer 15

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Question 16

BUS 435 Week 5 Final Paper

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Focus of the Final Paper

Construct a business plan for a small business venture of your choosing.

The components of the business plan should include:

A. Executive summary—short description of the venture with emphasis on the unique characteristics and important aspects.

B. Description of the business—more comprehensive description of the venture including a brief history of the company and industry as well as the value to consumers.

Answer 16

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