ESB
After reading this module’s reading chapters please take your time to reflect upon the following questions and answer each of them with supportive arguments and examples.
1. What competitive factors must the small firm consider when establishing prices? Provide Solid response and example
2. What is cost-plus pricing? Why do so many manufacturers use it? What are the disadvantages? Provide Solid response and example
3. Describe and exemplify the method for building a projected income statement and a projected balance sheet for a beginning business.
4. How can a break-even analysis help an entrepreneur planning to launch a business?
