1. What is the financial risk to the business owner of using debt financing instead of equity financing? Explain!
2. When should a small business innovate their product mix (i.e., bring new products on line)?
3. Which of the three basic financial documents (income statement, balance sheet, or cash flow) is most important to the small business owner? Why?
4. What is the objective or purpose for CRM?
5.Suppose you owned a cookie store and you charged $1.00 for each cookie sold. Let's also say that you had to pay $1,000 rent per month and had a bank loan for equipment which cost you $100 per month and your insurance bill came up to $1,200 per year. The ingredients for each cookie cost you $.60 each. How many cookies would you have to sell each day to breakeven if you were only open 25 days a month?