1. What benefits do entrepreneurs who compete in business plan competitions such as the one at Texas Christian
University gain?
2. Work with a team of your classmates to brainstorm ideas
for establishing a business plan competition on your cam-
pus. How would you locate judges? What criteria
would you use to judge the plans? What prizes would you
offer the winners, and how would you raise the money to
give those prizes? Who would you allow to compete in
your competition?
3. Using the ideas you generated in question 2, create a two-
page proposal for establishing a business plan competition
at your school.

Partnerships are the most common type of business firms in the world. t/f

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.