Discussion in Entrepreneurship & Small Business Development

Discussion in Entrepreneurship & Small Business Development
Module 6 Discussion Entrepreneurship & Small Business Development For this Module Please read from Essentials of Entrepreneurship and Small Business Management (7th Edition) Norman M. Scarborough: Chapter 10: Pricing Strategies Chapter 11: Creating a Successful Financial Plan Assignment 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? Discussion Requirements: Please ensure that the discussion question response is substantive in nature, which includes a minimum of 500 words. Include a Conclusion. Please avoid writing the minimum. Make sure that the response is topic specific, relevant to the course material, and is supported by outside academic sources