Question

can you answer these questions

Read the graph.

A graph titled Average Survival Rate of New Businesses in the U S has number of years after start-up on the x-axis and percentage that survey on the y-axis. The survival rates of all industries and of the healthcare industry are shown. The line for healthcare industries is slightly higher than the line for all industries. A healthcare company has an 80 percent chance of surviving for 2 years.

What can the reader conclude from the graph?

A company selling telephones most likely has only a 40 percent chance of surviving for at least four years.
A company offering physical therapy most likely has only an 80 percent chance of surviving for at least two years.
A company offering cleaning services most likely has only a 50 percent chance of surviving for at least eight years.
A company selling diabetes supplies has only a 60 percent chance of surviving for at least three years.

What led to Henry Ford’s success as an entrepreneur?


His personal wealth.
His innovative production methods.
His commitment to improving labor laws.
His desire to pay high wages.

What must an entrepreneur assume when starting a business?

that the correct location guarantees success
that every product has a customer who wants it
that clever market strategies may still fail to sell a product
that raising funds is the most difficult step in starting a business

How are Bill Gates and Henry Ford similar? Check all that apply.

They both streamlined factory production.
They both became wealthy and successful.
They both helped better the lifestyles of others.
They both developed products that filled a human need or needs.
They both founded a company when they were very young.

What is a main reason why entrepreneurs experience daily stress?

They have considerable responsibility.
They need to spend time training employees.
They need to have sufficient income to pay loans.
They have to contribute both to the market and society.

Answer 1

Here are the answers:

1) From the graph:
- A company offering physical therapy most likely has only an 80 percent chance of surviving for at least two years.

2) What led to Henry Ford’s success:
- His innovative production methods.

3) What must an entrepreneur assume when starting a business:
- That clever market strategies may still fail to sell a product.

4) How are Bill Gates and Henry Ford similar? (check all that apply)
- They both became wealthy and successful.
- They both helped better the lifestyles of others.
- They both developed products that filled a human need or needs.

5) Main reason entrepreneurs experience daily stress:
- They have considerable responsibility.