Jeff Bezos’ original business plan for Amazon involved taking orders for books and having the items shipped directly from the publisher to the customer. He modified the plan to include other products such as toys and decided to buy the toys from the producers and ship them from his own warehouse. This modification of the original plan is called a

The projections of a venture’s profits, asset and financing requirements, and cash flows are essential in determining whether a venture is economically viable.

A business plan is a document that outlines the basic concept underlying a business—specifically, what problem will be solved—and describes how the entrepreneur will execute the plan to solve the problem.

The role of the entrepreneur’s spouse in family conflicts can sometimes be described as that of a mediator in business relationships between the entrepreneur and the children.

The executive summary of a business plan presents a firm’s history and its form of organization.

What is a potential concern that results from the separation of management and ownership?

How would the use of incentive contracts potentially fail to align manager and shareholder interests?

BioGrowth Laboratories has an ROE of 18.0%. If its total equity is $5,000,000, what is its net income?

What is enterprise value (EV)?

If a company’s ROE increases from 12.0% to 18.0% over a year, what does this likely indicate?