Without a marketing planGroup of answer choicespotential efficiencies will not be realized.business loans are easily obtained from banks.businesses are pushed into growing rapidlybusinesses face fewer and less serious risks

What is one advantage of obtaining a business loan?Lower interest rates compared to other forms of financingNo need to repay the loan amountNo impact on the business credit scoreLimited access to funds

Identify the most important factor when choosing a business loan.*1 pointA low rate of interest but with high bank feesLow bank fees but with a high rate of interestA high rate of interestA low rate of interest

A new business entering an industry might improve the financially viability of all businesses in that industry by:YOUR ANSWERYour Answerincreasing their revenue streams due to increased customer demand.increasing the costs for scarce resources.decreasing demand as marketing by all businesses increases.increasing skills shortages.

Which of the following scenarios would likely entice entrepreneurs to increase the amount of borrowing from financial institutions?Multiple ChoiceMore competitors entering the marketRaised interest ratesOptimism about the good or service they produceAnticipation of more tax regulations for small business owners

There are many reasons why small businesses do not have a marketing plan. One very important reason is that they_________ .Group of answer choicesdo not know how to develop a planCEO's don't typically plan for the short termit is expensive to developthe results are not exact