Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 6.1, Problem 6.1CQ
Summary Introduction
To determine: The reason due to which tutors are considered to be micropreneurs.
Introduction:
The business owners, who are willing to agree the risk of starting and managing the type of business that remains small, while doing the kind of work they want to do and maintaining a balanced lifestyle are known as micropreneurs.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Write down the six most common kinds of businesses. Can your theory be put to the test? Is there another way for you to fill this job that would be better? Tell me more about your idea. I'm guessing it has something to do with a virtual street market where people can buy and sell used items.
How does the SaaS business model work? Could you just clarify yourself?
In a simple way, how can someone become successful in a farm business? What do you think are things they need to remember when starting a farm business? Explain your answer.
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
Knowledge Booster
Similar questions
- Why are not-for-profit organizations different from most businesses? Are there any similarities between a goods-producing business and a not-for-profit organization?arrow_forwardYou have been employed at Small Enterprise Finance Agency (Sefa) as a mentor for up-and-coming entrepreneurs. The client comes to you requiring to be mentored in starting his business. However, he has no idea where to start. As a mentor of prospective entrepreneur provide and advice about all the aspects the client has to take into consideration when starting a business venturearrow_forwardAssume your organization is expanding and wants to open a sales office overseas. What compensation factors would be a concern?arrow_forward
- PART III - 3. Discuss the different types of Business and explain their advantages to each other.arrow_forwardMatch each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.arrow_forwardImagine a small business that has long bought its office supplies fromStaples. It reads about Lendio and considers whether to solicit a loan.What kind of buying situation has this small business entered?arrow_forward
- your group are into the shoe business, last january you started manufacturing 100,000 pieces of school shoes in preparation for the incoming school year, but due to covid-19 the orders and distribution were being canceled. as a business owner what will you do? what strategies will you be able to come up so that your company will not get affected that much?arrow_forwardWhat are the risks of being a real estate agent?arrow_forwardYou’re getting ready to expand yourwoodworking hobby into a full-time business ofbuilding custom kitchen cabinets. To create top-qualitycabinets, you know you’ll need to upgrade from theconsumer-grade machinery you have now toindustrial-grade equipment. The new equipment willbe much more expensive but, if properly cared for,should last for decades, and you hope to be inbusiness for at least 20 years. If the overall costs ofleasing this equipment or borrowing money to buy itare roughly the same, which financing method wouldyou choose? Why?arrow_forward
- Why do you think selling or owning a business that sells home appliances is not a bad idea? And why should I build a business like this?arrow_forwardWhat is the rule of three? Suppose you worked for a small firmin a large industry, such as a small manufacturer of furniture.How might you actually use the rule of three to enhance yourfirm’s position in the marketplace?arrow_forwardWhat type of business structure does an online store have?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you