There are several options for financing a business venture. Some of these sources of funds come from internal sources, while others come from external sources. Identify the following financial sources as either an internal source or an external source.

As you prepare a financial plan for your organization, one of the elements you will consider when determining your anticipated income levels is the method you will use to price your product or service. Match each pricing method with the example that describes that strategy.

Professional accountants look at a business from two financial perspectives. These are financial accounting and managerial accounting. In a paragraph, briefly describes these two systems.

There are many different marketing strategies that an organization will explore and incorporate into their marketing plans. Match the following product and market entry strategies with their definitions.

One important element of the marketing plan is to determine the external factors that might impact your business. Which of the following tools should you incorporate into your plan for evaluating the overall business climate?

When creating a business, it is important to evaluate the many distribution channels that are available to you. You will need to consider the most cost effective and profitable means of getting your product or service to your customers. One of these channels of distribution is the internet. Name one advantage and one disadvantage of selling your products or services online. Write a short paragraph.

Which of the following are good suggestions for preparing a business plan? (Select two answers.)

SWOT analysis is an excellent tool for evaluating areas where an organization is doing well and where improvements are needed. SWOT analysis can also identify where growth is possible and help companies prepare for factors that might impact then negatively. The following list includes factors that impact the Apple Company. Identify whether each is a strength, weakness, threat, or opportunity.

Which of the following statements about the mission statement is true? (Select two answers.)

Managers are responsible for four main functions within an organization. Which of the following correctly lists these functions?