1. What is the advantage of a line of credit versus a short-term or long-term loan? Do you think a line of credit would be more or less difficult to qualify for? Why?
2. Describe the seven (7) categories of prospective entrepreneurs.
3. Describe the four (4) options for channel distribution.
4. You have received two job offers for similar sales positions. Company A pays a salary of $21,000 per year. Company B offers a combination plan of $12,000 per year plus a commission of 15 percent of sales. You are told that the average first-year salesperson at Company B has about $90,000 in total annual sales. Which job will you choose and why?