Going to college is not an option for Felix, but he knows that he would like to open a business one day, maybe a restaurant. What is the best strategy for Felix to build skills?
(1 point)
Responses
Take a job working remotely to build computer skills.
Take a job working remotely to build computer skills.
Find a restaurant that has a management training program.
Find a restaurant that has a management training program.
Assume that he will needs someone with formal education to be his partner.
Assume that he will needs someone with formal education to be his partner.
Reconsider his career prospects and find one that does not require education.
Find a restaurant that has a management training program.
Since Siqi Mou does not make the products sold on Hello Ava, how can the business make a profit?
(1 point)
Responses
It can see what other businesses charge and set prices below that.
It can see what other businesses charge and set prices below that.
It can charge a little more for products to cover the cost of the expert input.
It can charge a little more for products to cover the cost of the expert input.
It will have a hard time making a profit after customers have purchased one product.
It will have a hard time making a profit after customers have purchased one product.
It will need to look into making custom skin care blends if it is going to be competitive.
It can charge a little more for products to cover the cost of the expert input.
Chandra has been working at a dry cleaner for about a year. She notices that much of the store’s revenue comes from alterations to women’s clothing and is wondering if there is enough revenue there to develop a business based on that. What should her next step be?
(1 point)
Responses
Enroll in school and get a business degree.
Enroll in school and get a business degree.
Start a business since she has some experience already.
Start a business since she has some experience already.
Let her employer know she wants to start a rival business.
Let her employer know she wants to start a rival business.
Do research on what a business would cost to start and run.
Do research on what a business would cost to start and run.
What would it mean for an entrepreneur if the market forecast for the kind of business that they wanted to start indicates that the market for that product or service was expected to decline?
(1 point)
Responses
Under no circumstances should someone start that kind of business.
Under no circumstances should someone start that kind of business.
Competition is likely to more intense than in some other businesses.
Competition is likely to more intense than in some other businesses.
It will be very difficult to find people with the skills required to sell that product.
It will be very difficult to find people with the skills required to sell that product.
That business is going to be more heavily regulated since growth is projected to slow.
Competition is likely to more intense than in some other businesses.
Some careers, like postal worker and department store employee, are expected to decline in the next decade. Which best explains why the outlook for business careers is so different?
(1 point)
Responses
Business careers will decline as well, but not to the same extent.
Business careers will decline as well, but not to the same extent.
Virtually all companies will need to depend on some business skills.
Virtually all companies will need to depend on some business skills.
Professions that are in decline have no connection to business careers.
Professions that are in decline have no connection to business careers.
Service companies will need business skills more than those with products.
Virtually all companies will need to depend on some business skills.
Why is projected growth an important factor to consider when choosing a career?
(1 point)
Responses
It is an estimate, so it should not be taken too seriously.
It is an estimate, so it should not be taken too seriously.
It determines how much the average career in that field pays.
It determines how much the average career in that field pays.
It indicates whether jobs in a field are likely increase or decrease.
It indicates whether jobs in a field are likely increase or decrease.
It will tell whether or not a college education is a good investment for that career.