HUEC 4044 : Matthews Exam 1
Document Summary
Huec 4070 exam #1 study guide steps 1 - 4. The following concepts/definitions should be clearly understood in preparation for the exam. This includes all of the different factors/definitions that may fall under each of the concepts as well. Remember, both the power point notes from class and the textbook should be studied. Step 1: 6 characteristics of entrepreneurs, comfortable with taking risks, entrepreneurship involves uncertainty. Squad assistance: business structure types know the difference between each, entrepreneurs must explore the organizational structures, their advantages, and disadvantages, sole proprietorship, partnership, limited partnership, c corporation, limited liability corporation (llc, s corporation. Step 2: four types of retail locations know the characteristics of each and advantages/disadvantages, business district locations (cbd)- historically, retailers were located in business districts- usually in. Location to retailers: affluence returned, young professionals, empty nesters, incentives to move provided by cities, jobs, high pedestrian traffic, ex- town center, frock candy, bonefish, loft.
