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Hanna Nagy Chapter 4: chance Recognition tonality Terms: 1. Benefit- An advance in superstars purloindition; an advantage gained by doing or accepting something. 2. Cost/ Benefit Analysis- A decision-making postponement on in which the costs of taking an action argon compared to the benefits; if the benefits exceed the costs, the action may be taken. 3. Opportunity- A view or occasion that can be turned to ones advantage. 4. Opportunity Cost- The value of what must be give in browse to obtain something else. 5. SWOT Analysis- A con military positionration of a situation based on Strengths, Weaknesses, Opportunity , and Threats. Critical sentiment: 1. Explain how a occupancy fortune differs from a business enterprise idea. An opportunity is based on what consumers hope not what you want. So if you can hit a good idea but costumers qualification not want or need what youre interchange. 2. Give an example of a change tha t has occurred or is come to occur in your neighborhood. address opportunities this change might create. at that place is going to be a sore thing where visitors have to have a pass in order to become into the neighborhood. This could create an opportunity to start a business selling passes to get into the neighborhood. 3. Do you have artistic ability? How might you turn your natural endowment into a business.

If your really good at drawing off hence you can start a side business drawing personal things for people depending on their request. Key Concept Questions: 1. A 100% increase in wron g of gasoline. A red-hot hybrid car company! . 2. A going-out-of business sign in the window of a logical securities industry store. 3. A new airport being built near your home. A theodolite company to get back and out to the airport. 4. An increase in the percentage of women entering workforce. Starting a cleaning business. 5. local anesthetic government decides to privatize garbage solicitation and impose recycle on households. Start a recycling pick up business. 6. The state government...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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