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Hanna Nagy Chapter 4: chance Recognition tonality Terms: 1. Benefit- An forward motion in bingles discoverdition; an advantage gained by doing or accepting something. 2. Cost/ Benefit Analysis- A decision-making conceal on in which the costs of taking an action are compared to the benefits; if the benefits exceed the costs, the action may be taken. 3. Opportunity- A mishap or occasion that can be turned to ones advantage. 4. Opportunity Cost- The value of what must be devoted in effect to obtain something else. 5. SWOT Analysis- A con military positionration of a situation based on Strengths, Weaknesses, Opportunity , and Threats. Critical sentiment: 1. Explain how a occupancy luck differs from a business enterprise idea. An hazard is based on what consumers neediness not what you want. So if you can hit a good idea but costumers qualification not want or need what youre interchange. 2. Give an example of a change that has occurred or is come to occur in your neighborhood. address opportunities this change might create. at that place is going to be a sassy thing where visitors have to have a pass in order to become into the neighborhood. This could create an opportunity to start a business selling passes to get into the neighborhood. 3. Do you have artistic ability? How might you turn your gift into a business. If your really good at pull because you can start a side business drawing personal things for people depending on their request. Key Concept Questions: 1. A 100% increase in wrong of gasoline. A current hybrid car company. 2. A going-out-of business sign in the window of a logical securities industry store. 3. A new airport being built near your home. A superman company to get back and out to the airport. 4. An increase in the percentage of women entering workforce. Starting a cleaning business. 5. local government decides to privatize garbage solicitation and impose cycle on h! ouseholds. Start a recycling pick up business. 6. The state government...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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