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Peter Watson is thinking about launching a small business consulting company.  To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office.  The SBA advisor told Peter that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it.  The SBA advisor is telling Peter to write a(n) ___________.

A(n) _____________ is a snapshot of a company’s assets, liabilities, and owners’ equity at a specific point in time.

______________ feasibility is an assessment of the overall appeal of the product or service being proposed.

Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its competitive environment.  This challenge can be undertaken by completing a(n)

The strength and vigor of firm’s overall financial posture is referred to as:

Every year thousands of electronic products manufacturers gather in Las Vegas to display their products and to see what their competitors are up to.  This type of event is called a:      

In regard to firm growth, evidence shows that ________.

A disadvantage of corporations is that they are subject to _________, which means that a corporation is taxed on its net income and when the same income is distributed to shareholders in the form of dividends it is taxed again on the shareholders’ personal income tax returns.

A business plan is important for two reasons: it forces the founding team to systematically think through every aspect of their new venture and:

Talking to industry experts, obtaining feedback from prospective customers, and administering surveys are examples of __________ research.